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Posted: 11/20/2008 11:08:09 PM EDT
What will happen to our NFA items on Form 1 and Form 4 when we die? How can these items be transferred to our spouse, children over 21 y/o?

What are the steps do they have to take? (Fill out new Form 1 or Form 4, get fnger print cards from FBI, CLEO sign off..... what else?)

I don't want to sound like I am about to die. But I would like to be prepared, just in case. I want to have the proper forms ready, in my safe together with my Form1 and Form 4.


Thanks.



Link Posted: 11/21/2008 3:28:36 AM EDT
Originally Posted By ADOR:
What will happen to our NFA items on Form 1 and Form 4 when we die? How can these items be transferred to our spouse, children over 21 y/o?

What are the steps do they have to take? (Fill out new Form 1 or Form 4, get fnger print cards from FBI, CLEO sign off..... what else?)

I don't want to sound like I am about to die. But I would like to be prepared, just in case. I want to have the proper forms ready, in my safe together with my Form1 and Form 4.


Thanks.





they can be transferred, tax free via Form 5, to an heir afterward. i have all the forms filled out already for each of my NFA goodies and locked up with my Form 1's and 4's, along with an explicit set of instructions.


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