In my never-ending pursuit of continuing education credits, I attended a class yesterday entitled “Transfer of Firearms at Death.” Because the gun-cancer needs to be dealt with and because Congress will not deal with it, regulators are filling the void.
Effective July 13th of this year, the liability of executors and trustees has increased dramatically, whenever the decedent dies with a firearm. They can face jail time for not realizing that pieces of guns (magazines) are considered the same as working guns. They also must determine if the person who inherits the firearm is a legal recipient and document it . . . or go to jail? To transport a firearm, the executor must complete ATF Form 4 or 5 and submit his/her photograph and fingerprints or . . . go to jail.
Do your executor a favor — do NOT die while owning a gun, any gun. Get rid of it before you die!
One sadistic smart-alec suggested transferring title of all assets into your trust – except your gun – and then appoint your ex-spouse as the executor . . .