I stand corrected, no $200 tax, just a Form 5 transfer to heirs. Still have to wait for the paperwork to clear though.
I went with a trust because otherwise I couldn't get NFA items in Harris County; CLEO won't sign. You have to either get a trust orr incorporate.
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Return to “Anyone use Sean Cody for a Trust?”
- Thu May 03, 2012 7:35 pm
- Forum: General Gun, Shooting & Equipment Discussion
- Topic: Anyone use Sean Cody for a Trust?
- Replies: 43
- Views: 11730
- Thu May 03, 2012 5:43 pm
- Forum: General Gun, Shooting & Equipment Discussion
- Topic: Anyone use Sean Cody for a Trust?
- Replies: 43
- Views: 11730
Re: Anyone use Sean Cody for a Trust?
If an individual passes and wills a Title II firearm/device to someone, the property would have to be kept by a Class III FFL/SOT until the paperwork went through. The heir would have to pay for a new $200 transfer tax stamp. If you have a trust and pass, the items. In thd trust are left to the remaining trustees, no need to pay transfer.03Lightningrocks wrote: I am wondering how that law would play into a situation where the firearm is registered to a person who dies? Somehow it seems odd that the heirs would become instant felons. That would be a pretty serious risk for anyone to take. One never knows when their ticket is going to get punched. Thanks for the info. I have no immediate plans to aquire full auto but I do plan to get one at some point and would hate to put my family in a situation where my death results in them becoming instant felons.
- Sat Apr 30, 2011 5:13 am
- Forum: General Gun, Shooting & Equipment Discussion
- Topic: Anyone use Sean Cody for a Trust?
- Replies: 43
- Views: 11730
Re: Anyone use Sean Cody for a Trust?
He charges around $600 or at least he did about a year and a half ago. Lots of guys on Texas Gun Talk use him, he is a site sponsor over there.