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Posted: 2/2/2011 7:28:11 AM EDT
It's not a straw purchase. I traded for it years ago. My FIL recently got his CHL and I offered him one of my G19's to carry (I have two
 ). First, I was going to do an extended loan and pretty much forget about it, but he asked for some sort of piece of paper showing that I transferred ownership. Not sure why he'd need it, but whatever. My plan was to write up a receipt and take his dollar and be done w/ it. Please tell me if my plan is stupid. What am I saying? Arfcom is worse than a wife in pointing out stupidity. And my FIL is a good guy (retired .mil, Vietnam Vet). I have 8 of his guns sitting in my safe. I'm not worried about getting the pistol back if I ever needed it. |
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Posted: 2/2/2011 7:28:58 AM EDT
[#1]
I'll give you $2 for it.
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Posted: 2/2/2011 7:29:11 AM EDT
[#2]
Maybe if he loses it, insurance will only cover $1. Not sure on that though.
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Posted: 2/2/2011 7:29:56 AM EDT
[#3]
No issues if in the same state...
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Posted: 2/2/2011 7:31:00 AM EDT
[#4]
I wouldn't worry too much. If he's former military, he should have some experience dealing with explosives.
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Posted: 2/2/2011 7:31:18 AM EDT
[#5]
I'll give you $3.50.
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Posted: 2/2/2011 7:33:06 AM EDT
[#6]
Quoted:
I'll give you $3.50. 
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Posted: 2/2/2011 7:33:09 AM EDT
[#7]
Quoted:
I wouldn't worry too much. If he's former military, he should have some experience dealing with explosives. I lol'd |
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Posted: 2/2/2011 7:33:09 AM EDT
[#8]
Just give him a bill of sale for $500 then buy a beer from him for $499.
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Posted: 2/2/2011 7:33:47 AM EDT
[#9]
Cheapskates. I'll give $5.00 IN CASH for it!
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Posted: 2/2/2011 7:33:49 AM EDT
[#10]
Give it to him as a early "Fathers Day" gift , that way insured value will be correct. Then ask for a free beer! win/win.
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Posted: 2/2/2011 7:34:28 AM EDT
[#11]
Why not just write up the bill of sale for $400 and pretend he paid you? If it ever comes up (ownership), there are no red flags.
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Posted: 2/2/2011 7:34:52 AM EDT
[#12]
I'd show the bill of sale at $400 or more. Give him $400 and he can give it right back to you.
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Posted: 2/2/2011 7:34:58 AM EDT
[#13]
It is illegal to possess grenades, let alone transfer one.
 Watch yer cornhole, bud.
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Posted: 2/2/2011 7:36:04 AM EDT
[#14]
I'll but it for 5.01
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Posted: 2/2/2011 7:37:30 AM EDT
[#15]
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Posted: 2/2/2011 7:37:34 AM EDT
[#16]
Tell your father-in-law he's being a pain in the ass and just give him the gun.
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Posted: 2/2/2011 7:37:54 AM EDT
[#17]
Stop the bids guys ... now I've got to offer him 10 geeeesh
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Posted: 2/2/2011 7:37:58 AM EDT
[#18]
Quoted: Give it to him as a early "Fathers Day" gift , that way insured value will be correct. Then ask for a free beer! win/win. Brilliant idea. |
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Posted: 2/2/2011 7:38:30 AM EDT
[#19]
Quoted:
Maybe if he loses it, insurance will only cover $1. Not sure on that though. Probably have to check with his insurance company on that one. Back in my band days, we lost everything in a van fire. The insurance company insisted on paying MSRP for all of our gear even though we openly admitted that we bought our gear used and could document what we paid. Insurance company paid us around $20,000 for gear that we spent maybe $6,000 on total.  + 
I know jack shit about insurance other than that anecdote so ymmv. |
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Posted: 2/2/2011 7:39:09 AM EDT
[#20]
$15 that's as high as I'll go.
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Posted: 2/2/2011 7:40:09 AM EDT
[#21]
I don't understand why you can't gift it to him?
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Posted: 2/2/2011 7:41:09 AM EDT
[#22]
As long as you're residents of the same state and there are no state laws regulating private sales, I see no problem with selling it to him for $1. Or just giving it to him for that matter.
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Posted: 2/2/2011 7:41:56 AM EDT
[#23]
Quoted:
$15 that's as high as I'll go. $15.01! You wouldn't waste post 46,000 on a Glock bid, would you? |
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Posted: 2/2/2011 7:42:02 AM EDT
[#24]
You don't need to sell it for anything.
AFAIK,it's entirely legal to give it to him in a face to face transaction in Texas for free but if he wants to document the change of ownership then print something out and ask somebody at your bank to notarize it. Or if it's that big of a deal,my local FFL charges $30 to handle such things ( we can only do 4 face to face sales per year in MA,any other sales must go through FFL). |
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Posted: 2/2/2011 7:46:07 AM EDT
[#25]
Come on man you banging his daughter, just give it to him.
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Posted: 2/2/2011 7:57:15 AM EDT
[#26]
Quoted: $15 that's as high as I'll go. Good! $15.25! |
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Posted: 2/2/2011 7:58:14 AM EDT
[#27]
As long as he is a resident of your state, I say no problem.
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Posted: 2/2/2011 8:00:54 AM EDT
[#28]
Jesus Christ can you make this any more complicated?
Just give him the gun, and tell him if thats not good enough, no gun. Pretty simple really
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Posted: 2/2/2011 8:02:06 AM EDT
[#29]
Quoted:
You don't need to sell it for anything. AFAIK,it's entirely legal to give it to him in a face to face transaction in Texas for free but if he wants to document the change of ownership then print something out and ask somebody at your bank to notarize it. Or if it's that big of a deal,my local FFL charges $30 to handle such things ( we can only do 4 face to face sales per year in MA,any other sales must go through FFL).
How does big brother know when you've done 5 face to face sales? |
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Posted: 2/2/2011 8:05:58 AM EDT
[#30]
Really, it's not a car. There's no title you have to put a price on for taxes; just give it to him.
That's pretty cool that you have a FIL with enough similar interests and the type of relationship where you hold on to his guns in your safe and give him pistols. |
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Posted: 2/2/2011 8:10:00 AM EDT
[#31]
If you wanted to make a receipt make it for "$450 cash" and then take his dollar, make sure to include the weapons serial number. If he happens to give you 449 more single dollar bills over the course of 20 years then great.
That way if the weapon is ever stolen he has a receipt he can show to the insurance company which will cover the guns replacement value. |
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Posted: 2/2/2011 8:11:52 AM EDT
[#32]
write the bill of sale as a gift, state current value of the gun, go for beer.
And I will give you $25 for it, if this is all too complicated for you. 
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Posted: 2/2/2011 8:13:23 AM EDT
[#33]
Quoted: I don't understand why you can't gift it to him? This. It's 100% legal, why complicate this?  |
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Posted: 2/2/2011 8:14:30 AM EDT
[#34]
Quoted:
Tell your father-in-law he's being a pain in the ass and just give him the gun. Texas is a ftf state. Give him the gun and be done with it, he's looking the proverbial gift horse in the mouth. |
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Posted: 2/2/2011 8:18:32 AM EDT
[#35]
It is Texas for Christ's sake, just give it to him, no paperwork is required or even desired. There is no registration, no "tracing" past the original ffl or anything of the sort. I buy and sell ftf quite frequently as my interests change and don't bother with creating additional headaches for myself, you shouldn't either.
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Posted: 2/2/2011 8:19:30 AM EDT
[#36]
Either educate him on the requrements of Texas and Federal law, make out a bill of sale that includes a statement that he affirms he not prohibited from owning a firearm, or take it to an FFL for a transfer through their bound book.
Those are your options. If the FIL believes that firearms sold in Texas are registered to a person, you need to get him educated on the truth, whether or not you complete the sale with a bill of sale or FFL transfer. |
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Posted: 2/2/2011 8:20:04 AM EDT
[#37]
Ifit makes him feel better, tell him its the bride price for his daughter because you don't own any goats, and then just give him the damn gun.
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Posted: 2/2/2011 8:22:48 AM EDT
[#38]
Just give it to him with a signed note that says "I xxxx give ownership of (one) Glock 19 pistol Serial xxxxxx to xxxxxxxxx" both parties sign, bam done.
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Posted: 2/2/2011 8:22:55 AM EDT
[#39]
Insured value has nothing to do with what you paid. Even if you paid a lot more and 'insured' it for a lot more, they will only pay out the market value or replace it with a like item.
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Posted: 2/2/2011 8:39:24 AM EDT
[#40]
Quoted: It's not a straw purchase. I traded for it years ago. My FIL recently got his CHL and I offered him one of my G19's to carry (I have two ). First, I was going to do an extended loan and pretty much forget about it, but he asked for some sort of piece of paper showing that I transferred ownership. Not sure why he'd need it, but whatever. My plan was to write up a receipt and take his dollar and be done w/ it. Please tell me if my plan is stupid. What am I saying? Arfcom is worse than a wife in pointing out stupidity. And my FIL is a good guy (retired .mil, Vietnam Vet). I have 8 of his guns sitting in my safe. I'm not worried about getting the pistol back if I ever needed it. Might be good for liability. If he had to use it for self defense, a bill of sale might keep you from getting sued. |
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Posted: 2/2/2011 8:59:07 AM EDT
[#41]
Quoted:
Quoted:
Maybe if he loses it, insurance will only cover $1. Not sure on that though. Probably have to check with his insurance company on that one. Back in my band days, we lost everything in a van fire. The insurance company insisted on paying MSRP for all of our gear even though we openly admitted that we bought our gear used and could document what we paid. Insurance company paid us around $20,000 for gear that we spent maybe $6,000 on total. +
I know jack shit about insurance other than that anecdote so ymmv. Well, you tried to do the right thing-at least you're not guilty of insurance fraud. OP-I agree with the previous suggestion. Early fathers day/birthday/whatever occasion gift. |
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Posted: 2/2/2011 9:06:17 AM EDT
[#42]
Quoted:
Come on man you banging his daughter, just give it to him. +1 |
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Posted: 2/2/2011 9:09:24 AM EDT
[#43]
You are making this more complicated than it needs to be.
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Posted: 2/2/2011 9:11:13 AM EDT
[#44]
I'll give you $87
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Posted: 2/2/2011 9:16:52 AM EDT
[#45]
just give it to him
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Posted: 2/2/2011 9:36:56 AM EDT
[#46]
Quoted:
Cheapskates. I'll give $5.00 IN CASH for it! 10 sliver halfs |
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Posted: 2/2/2011 9:47:47 AM EDT
[#47]
solution, sell it for $1 , get paper recipt to include SN, and have it state "for sum of $1, and services rendered" and go for beer, services rendered shall equal getting embarrasing stories about your wife's early childhood valued at 449...
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Posted: 2/2/2011 9:51:38 AM EDT
[#48]
If it makes you feel better, then go ahead and do it. Otherwise it really wouldn't make much of a difference.
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Posted: 2/2/2011 9:53:11 AM EDT
[#49]
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Posted: 2/2/2011 9:55:32 AM EDT
[#50]
I would get a receipt showing change of ownership just to CYA in case of some unforseen circumstance. Divorce of Daughter, Stolen used in crime, etc...
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