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Posted: 10/29/2013 4:49:06 PM EST
It never ceases to dissapoint me how little some poor dead guy' s family will take from a gunshop for his lovingly collected firearms they obviously have no idea of the value of. I am considering rubber banding a note to each gun (or storing an itemized list where my loved ones can find it) and valuable thing I own that says what it is, whether it is designated to be passed on to a family member and what it is worth at fair market value as well as a good listing of how and where to sell.

I would hate to see my meager collection sold at pennies on the dollar when my family may be hurting for funds and would equally hate to see a select few items not going to children as heirlooms.

Anyone doing this sort of thing?
Link Posted: 10/29/2013 4:51:12 PM EST
[Last Edit: 10/29/2013 4:51:47 PM EST by Engineer5]
I have a good friend who's been instructed to advise my family on my firearms if something happens to me. Family is aware of this too.
Link Posted: 10/29/2013 4:51:51 PM EST
Originally Posted By Powerkicker:
It never ceases to dissapoint me how little some poor dead guy' s family will take from a gunshop for his lovingly collected firearms they obviously have no idea of the value of. I am considering rubber banding a note to each gun (or storing an itemized list where my loved ones can find it) and valuable thing I own that says what it is, whether it is designated to be passed on to a family member and what it is worth at fair market value as well as a good listing of how and where to sell.

I would hate to see my meager collection sold at pennies on the dollar when my family may be hurting for funds and would equally hate to see a select few items not going to children as heirlooms.

Anyone doing this sort of thing?
View Quote



I use to, but now I realize I will sleep good on the dirt nap and don't give a shit.
Link Posted: 10/29/2013 4:51:57 PM EST
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Originally Posted By Engineer5:
I have a good friend who's been instructed to advise my family on my firearms if something happens to me. Family is aware of this too.
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This
Link Posted: 10/29/2013 4:52:13 PM EST
have a spreadsheet of all guns, values, serials, etc. What ones could be sold to raise cash and others that are one-of-a-kind.
Link Posted: 10/29/2013 4:52:56 PM EST
My son knows what's what.
Link Posted: 10/29/2013 4:54:29 PM EST
[Last Edit: 10/29/2013 4:56:13 PM EST by VBC]
Rubber bands turn nasty over time and might damage the finish on the guns. Velcro wrap might be better. Or twine.

Link Posted: 10/29/2013 4:55:28 PM EST
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Originally Posted By Gopherboy128:
have a spreadsheet of all guns, values, serials, etc. What ones could be sold to raise cash and others that are one-of-a-kind.
View Quote


Same.
I use a spreadsheet that has an up to date (within reason) value.
Certain guns in the spreadsheet are marked as sellers, others are marked heirlooms.

Also have the caliber noted, where/when I got each firearm.


I also have a word document for any historical guns or hand me down guns describing that I know about the gun from the research I have done or what I know from family sources.
Link Posted: 10/29/2013 5:03:29 PM EST
a good friend of 25 years asked me to be that guy. The one who he trusts to sell off his
quite considerable collection when he passes. He has a questionable ticker, and does not
expect to live to an old age. No one in his family has.
I have asked him to keep records. Price paid, recent value, descriptions, specially on excellent
or unique guns. He has some stuff I had never seen. Told me I could keep what I want, cept
I have my own, don`t want his. His wife will need the money. Told him to write it down, with
my phone number, for his wife, what he expects of me.

Its a fine thing to be considered that guy.
Link Posted: 10/29/2013 5:08:38 PM EST
Originally Posted By Powerkicker:
It never ceases to dissapoint me how little some poor dead guy' s family will take from a gunshop for his lovingly collected firearms they obviously have no idea of the value of.
View Quote


They're just selling it for double what he told them he paid for them.

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Link Posted: 10/29/2013 5:09:37 PM EST
I'm sure my soon to be wife's family will just divide them up amongst each other. My sister, mom and wife doesn't want the guns and I have no one to leave them to.

Posted Via AR15.Com Mobile
Link Posted: 10/29/2013 5:12:19 PM EST
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Originally Posted By Texaspyro21:
I'm sure my soon to be wife's family will just divide them up amongst each other. My sister, mom and wife doesn't want the guns and I have no one to leave them to.

Posted Via AR15.Com Mobile
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Ill take them
Link Posted: 10/29/2013 5:16:09 PM EST
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Originally Posted By jm0502:



Ill take them
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Originally Posted By jm0502:
Originally Posted By Texaspyro21:
I'm sure my soon to be wife's family will just divide them up amongst each other. My sister, mom and wife doesn't want the guns and I have no one to leave them to.

Posted Via AR15.Com Mobile



Ill take them


I plan on living at least 50 more years...

Posted Via AR15.Com Mobile
Link Posted: 10/29/2013 5:17:40 PM EST
No. People in my family know how to use the internet if they need a value.

Guns stay in the family anyway so it is a moot point for me.
Link Posted: 10/29/2013 5:19:49 PM EST
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Originally Posted By Texaspyro21:


I plan on living at least 50 more years...

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Originally Posted By Texaspyro21:
Originally Posted By jm0502:
Originally Posted By Texaspyro21:
I'm sure my soon to be wife's family will just divide them up amongst each other. My sister, mom and wife doesn't want the guns and I have no one to leave them to.

Posted Via AR15.Com Mobile



Ill take them


I plan on living at least 50 more years...

Posted Via AR15.Com Mobile
My sons will take them on my behalf then
Link Posted: 10/29/2013 5:19:49 PM EST
Why? You afraid your wife will sell them for what you told her they cost?
Link Posted: 10/29/2013 5:22:17 PM EST
Im getting a book together on what I have and accessories/mags/parts and values just in case
Link Posted: 10/29/2013 5:31:22 PM EST
I keep a note in my gun safe so I remember what my son borrows

I keep a spreadsheet of when I bought and what I paid.

Once a year I try to go to gunbroker and see what they are selling for and update my value list for kids and insurance.
Link Posted: 10/29/2013 5:35:19 PM EST
spreadsheet with model, serial #, cost, current replacement values, etc.
Link Posted: 10/29/2013 5:40:21 PM EST
Originally Posted By Powerkicker:
It never ceases to dissapoint me how little some poor dead guy' s family will take from a gunshop for his lovingly collected firearms they obviously have no idea of the value of. I am considering rubber banding a note to each gun (or storing an itemized list where my loved ones can find it) and valuable thing I own that says what it is, whether it is designated to be passed on to a family member and what it is worth at fair market value as well as a good listing of how and where to sell.

I would hate to see my meager collection sold at pennies on the dollar when my family may be hurting for funds and would equally hate to see a select few items not going to children as heirlooms.

Anyone doing this sort of thing?
View Quote


I have been thinking about this a lot as of late because my family is totally clueless about guns but also about my NV and thermal gear.
Link Posted: 10/29/2013 5:40:31 PM EST
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Originally Posted By NoStockBikes:


They're just selling it for double what he told them he paid for them.

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Originally Posted By NoStockBikes:
Originally Posted By Powerkicker:
It never ceases to dissapoint me how little some poor dead guy' s family will take from a gunshop for his lovingly collected firearms they obviously have no idea of the value of.


They're just selling it for double what he told them he paid for them.

Posted Via AR15.Com Mobile


Truth

Link Posted: 10/29/2013 5:44:05 PM EST
Guys this really is important to do. My father passed away fairly suddenly at 57 (cancer took him way faster than we thought it would). My brother and I were familiar with most of his guns but many we had never seen and knew nothing about them. My uncle and a couple of his friends filled in some of the details but it would have been nice to have the details in his own words.
Link Posted: 10/29/2013 5:49:43 PM EST
I have a will with information of what to do and who to contact . Updated every couple of years. There is also a master list with each weapon itemized and photographed. The list is updated as needed.
Link Posted: 10/29/2013 7:07:19 PM EST
I don't plan on dying any time soon.
Link Posted: 10/29/2013 7:10:19 PM EST
I have a private spreadsheet with all necessary information on it. Two people, other than myself, have access to it. I also have trustworthy friends that could advise my wife on what to do with my stuff if I don't need it anymore.
Link Posted: 10/29/2013 7:11:08 PM EST
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Originally Posted By ErikOR:
I don't plan on dying any time soon.
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That means you'll be the first to go.


Link Posted: 10/29/2013 7:12:18 PM EST
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Originally Posted By Danner130:
My son knows what's what.
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Link Posted: 10/29/2013 7:14:58 PM EST
Originally Posted By Powerkicker:
It never ceases to dissapoint me how little some poor dead guy' s family will take from a gunshop for his lovingly collected firearms they obviously have no idea of the value of. I am considering rubber banding a note to each gun (or storing an itemized list where my loved ones can find it) and valuable thing I own that says what it is, whether it is designated to be passed on to a family member and what it is worth at fair market value as well as a good listing of how and where to sell.

I would hate to see my meager collection sold at pennies on the dollar when my family may be hurting for funds and would equally hate to see a select few items not going to children as heirlooms.

Anyone doing this sort of thing?
View Quote

Nothing is getting sold. Will be passed to trusted friends/family who own and use guns on the regular.
Link Posted: 10/29/2013 7:17:41 PM EST
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Originally Posted By Engineer5:
I have a good friend who's been instructed to advise my family on my firearms if something happens to me. Family is aware of this too.
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I'm sure your "good friend" will tell them that all of your guns are worthless, and he will offer them more than value just to help them.
Link Posted: 10/29/2013 7:20:45 PM EST
My wife will out live me, she will keep them and they are to be given to my nephews. I doubt there will be much ammo left as she will shoot it.
Link Posted: 10/29/2013 7:24:42 PM EST
My wife has a list of a couple of my buddies to go to to sell my guns. I have a list with fair values of everything I own, even ammo. I also have my wife and son set up as officers of my trust and beneficiaries, so the NFA angle is covered as well.
Link Posted: 10/29/2013 7:25:09 PM EST
Sell while you are healthy and just keep the essential few.

If you are thinking end game now, now is the time to sell.

I saw a friend die and his wife sold everything to a local gunshop for one price. She was happy, and didn't want to deal with selling them herself. I would guess most non gun folks would do the same.
Link Posted: 10/29/2013 11:03:39 PM EST
If you are thinking end game now, now is the time to sell.
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I am 34, should have at least 40 years to go. But I like to have a plan. Never know when you will be hit by a bus or some other unknowable event. Plus I work in a job where dying at another persons hand is a real possibility.
Link Posted: 10/29/2013 11:09:22 PM EST
Hopefully, you aren't the only person in the houses hold who appreciates guns.
Link Posted: 10/30/2013 12:51:22 AM EST


I've told my family that all of he stuff I've collected is valuable, so take their time and do their research when selling it.


Link Posted: 10/30/2013 2:58:28 AM EST
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