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Started By
Message
Gun Ownership Question
Posted on 1/10/13 at 6:27 pm
Posted on 1/10/13 at 6:27 pm
OB Wise Ones and Not-So-Wise Ones,
I am trying to determine if there will be a restriction on gun ownership in the future, and a law that prevents face to face sales.
I am stongly thinking about placing all of my firearms into a trust that will be able to survive past me. I am just trying to ensure that any new laws coming down the pike are unable to affect my heirs.
Thoughts? Will transfer to heirs or private gifts be outlawed? Can a trust circumvent this? I just want to be prepared.
I am trying to determine if there will be a restriction on gun ownership in the future, and a law that prevents face to face sales.
I am stongly thinking about placing all of my firearms into a trust that will be able to survive past me. I am just trying to ensure that any new laws coming down the pike are unable to affect my heirs.
Thoughts? Will transfer to heirs or private gifts be outlawed? Can a trust circumvent this? I just want to be prepared.
5
Posted on 1/10/13 at 6:29 pm to NimbleCat
Let me consult my spirit guide........
He says you're fricked. Sell me your guns.
He says you're fricked. Sell me your guns.
Posted on 1/10/13 at 6:30 pm to NimbleCat
quote:
Will transfer to heirs or private gifts be outlawed?
Doubtful, especially not in this round. If they are successful on this attack, perhaps this will be on the agenda for the next round...
Posted on 1/10/13 at 6:31 pm to NimbleCat
Posted on 1/10/13 at 6:33 pm to NimbleCat
I should have requested that people state if they are Wise or Not-So-Wise in their posts.
Posted on 1/10/13 at 6:37 pm to NimbleCat
I'm considering taking a very dangerous boat ride with all my weapons.
Sure hope nothing happens. Again.
Sure hope nothing happens. Again.
Posted on 1/10/13 at 6:37 pm to NimbleCat
Not sure about a "gun trust" but with trusts, the law changed several years ago. Property/money has to be in a trust 5 years for it to be passed on.
Think it used to be 3. Perhaps some of our attorneys can splain it mo better. My father was the attorney not me.
Think it used to be 3. Perhaps some of our attorneys can splain it mo better. My father was the attorney not me.
Posted on 1/10/13 at 6:39 pm to Geauxtiga
My understanding of the trust loophole was that the property was owned by the trust and not by any one person inside the trust. Therefore, its not being "passed down", its just that you're dead and cant use it anymore.
Posted on 1/10/13 at 6:40 pm to Geauxtiga
quote:
Property/money has to be in a trust 5 years for it to be passed on
What are you telling me? Are you my Doctor?
Posted on 1/10/13 at 6:45 pm to NimbleCat
quote:
I should have requested that people state if they are Wise or Not-So-Wise in their posts.
Josey = wise.
Posted on 1/10/13 at 6:48 pm to dawg23
quote:
Josey = wise.
Great! I have a Magic Eight Ball on the Desk. I use it for important life altering decisions.
Shake 1: Concentrate and Ask Again
Shake 2: Outlook not so good
Shake 3: It is Decidedly So.
This post was edited on 1/10/13 at 6:49 pm
Posted on 1/10/13 at 6:49 pm to 4X4DEMON
quote:Well you can still "use" it.
its just that you're dead and cant use it anymore.
Here's an example. Parents put 400K into a trust in the name of two daughters. The daughters can write out checks to pay parents' bills.
Within the 5 year window, if the parent(s) require assisted living, etc. the government will use the money before government benefits (freebies) kick in.
AFter the 5 year window the government can't touch it and if the parent dies it becomes the daughters'.
Posted on 1/10/13 at 6:50 pm to NimbleCat
quote:
What are you telling me? Are you my Doctor?
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