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So, while I know we are all hoping and working against this bill being passed, I wanted to run something by the forum.
The bill has a clause as I understand that if the registered weapons owner dies, it does not get passed on like other NFA items now.
What would keep someone from registering their weapons under a corporation or if that is not allowed, under a childs name that would inherit those anyway ?

TexasVet wrote:So, while I know we are all hoping and working against this bill being passed, I wanted to run something by the forum.
The bill has a clause as I understand that if the registered weapons owner dies, it does not get passed on like other NFA items now.
What would keep someone from registering their weapons under a corporation or if that is not allowed, under a childs name that would inherit those anyway ?

I was wondering something similar as well. Lots of folks have trusts for their NFA weapons. Several on here have openly stated they will be pursuing trusts if the new legislation passes.

What makes everyone think that the traitors in the government will allow all NFA weapons to pass along to their heairs? Traitors are not stupid.

Anygunanywhere

You could set up a trust, it doesn't have to belong to a corporation. Upon your death the other trustees and beneficiaries will take over the firearms, the down side to that is they aren't yours, they belong to the trust.

jdhz28 wrote:You could set up a trust, it doesn't have to belong to a corporation. Upon your death the other trustees and beneficiaries will take over the firearms, the down side to that is they aren't yours, they belong to the trust.

OK. So since .gov makes the rules about trusts, they change the rules along with the gun ban. What is to stop them?

I know the answer but I would like some legal opinions.

Anygunanywhere

Tricks might work for a while but this proposal proves the enemies of the constitution learned from America's tricks to get around their last ban.

Give all you can afford to the NRA they will try to block it

National Rifle Association
11250 Waples Mill Road
Fairfax VA

jdhz28 wrote:You could set up a trust, it doesn't have to belong to a corporation. Upon your death the other trustees and beneficiaries will take over the firearms, the down side to that is they aren't yours, they belong to the trust.

If you're dead doesn't ownership become somewhat of a moot question?

Oldgringo wrote:

jdhz28 wrote:You could set up a trust, it doesn't have to belong to a corporation. Upon your death the other trustees and beneficiaries will take over the firearms, the down side to that is they aren't yours, they belong to the trust.

If you're dead doesn't ownership become somewhat of a moot question?

It isn't a moot question if yoor intent id for your firearms to pass along to your children.

I have some of my deceased father's firearms. I fully expect my posessions go to my sons and not some washington traitor.

Anygunanywhere

Oldgringo wrote:

jdhz28 wrote:You could set up a trust, it doesn't have to belong to a corporation. Upon your death the other trustees and beneficiaries will take over the firearms, the down side to that is they aren't yours, they belong to the trust.

If you're dead doesn't ownership become somewhat of a moot question?

It is still part of your estate, which you paid for and accumulated, and you ought to have the legal right to pass it along to your heirs, just like with a car or a house. If her law passes, I could sell all of my guns to my son for $1 before it takes effect, and then borrow them back.

anygunanywhere wrote:

Oldgringo wrote:

jdhz28 wrote:You could set up a trust, it doesn't have to belong to a corporation. Upon your death the other trustees and beneficiaries will take over the firearms, the down side to that is they aren't yours, they belong to the trust.

If you're dead doesn't ownership become somewhat of a moot question?

It isn't a moot question if yoor intent id for your firearms to pass along to your children.

I have some of my deceased father's firearms. I fully expect my posessions go to my sons and not some washington traitor.

Anygunanywhere

Right, but after we're dead, I don't think we'll know what became of them....

Oldgringo wrote:
Right, but after we're dead, I don't think we'll know what became of them....

I ain't never been dead so I can't verify or dispute your post.

Anygunanywhere

The Annoyed Man wrote:

Oldgringo wrote:

jdhz28 wrote:You could set up a trust, it doesn't have to belong to a corporation. Upon your death the other trustees and beneficiaries will take over the firearms, the down side to that is they aren't yours, they belong to the trust.

If you're dead doesn't ownership become somewhat of a moot question?

It is still part of your estate, which you paid for and accumulated, and you ought to have the legal right to pass it along to your heirs, just like with a car or a house. If her law passes, I could sell all of my guns to my son for $1 before it takes effect, and then borrow them back.

Even after you're dead, you can borrow 'em back? I got to look into this.

The Annoyed Man wrote:

Oldgringo wrote:

jdhz28 wrote:You could set up a trust, it doesn't have to belong to a corporation. Upon your death the other trustees and beneficiaries will take over the firearms, the down side to that is they aren't yours, they belong to the trust.

If you're dead doesn't ownership become somewhat of a moot question?

It is still part of your estate, which you paid for and accumulated, and you ought to have the legal right to pass it along to your heirs, just like with a car or a house. If her law passes, I could sell all of my guns to my son for $1 before it takes effect, and then borrow them back.

I think your solution works, but in my case my son is not old enough. I can have him as beneficiary of a revocable trust (which still may require a transfer, I'm not sure), but when he is of age add him as a trustee; furthermore, if the laws regarding trusts remain the same, he could add his children when the time comes. This provides access for future generations while skirting the transfer issue.

TexasVet wrote:So, while I know we are all hoping and working against this bill being passed, I wanted to run something by the forum.
The bill has a clause as I understand that if the registered weapons owner dies, it does not get passed on like other NFA items now.
What would keep someone from registering their weapons under a corporation or if that is not allowed, under a childs name that would inherit those anyway ?

All that trust and estate stuff is too confusing.

Registration? We ain't got no registration. We don't need no registration! I don't have to show you any stinkin' registration!
(with apologies to Gold Hat)

LabRat

LabRat wrote:

TexasVet wrote:So, while I know we are all hoping and working against this bill being passed, I wanted to run something by the forum.
The bill has a clause as I understand that if the registered weapons owner dies, it does not get passed on like other NFA items now.
What would keep someone from registering their weapons under a corporation or if that is not allowed, under a childs name that would inherit those anyway ?

All that trust and estate stuff is too confusing.

Registration? We ain't got no registration. We don't need no registration! I don't have to show you any stinkin' registration!
(with apologies to Gold Hat)

LabRat

It's not complicated...it costs about 400 bucks and takes a few minutes. You have to list the Settlors the Trustees and the Beneficiary. Google "The Law Office of Mitsy Barajas" She is a NFA Trust lawyer and she will get you set up today.