(Ressurected & Stickied) What's your plan for your guns when you kick the bucket? Do you have a gun trust?

[guncurious]

Some of us have quite a collection, and that collection has some value. We have all heard those stories of widows or family members who inherit guns and just dump them at the police station because you know, guns are scary.

So, do you have a specific plan for your guns when you kick? Someone they will go to? Or are you just leaving it up to chance because you feel imortal?

 

[EL Pistolero]

I'm torching all mine...no one to inherit them and no one I care to give them to.

 

[joefrank64k]

My plan (and you know what they say about plans, haha!!) is to sell down my collection starting in 2025. I don't want my wife to have to worry about taking care of things.

If something happens to me before I've done that, my wife will contact Mt McCoy Auctions in Simi Valley: https://www.mtmccoyauctions.com/ (formerly Lock, Stock, and Barrel, who are now in Wyoming).

They'll come to the house and take everything (guns, ammo, optics, accessories). They handle all the listing details on Gunbroker and send her a check when it's all done.

If we are out of SoCal by then, I'll have her contact EBR Works in AZ to arrange the sale: https://www.ebrwebstore.com/consign-a-gun/

 

[colossians323]

Good question OP

Mine is sort of 3 fold.
I have an NFA trust that lists all my heirs, and they are all part of the. trust.

I will start selling all the collectibles after the new year. These are guns that Just sit around and do nothing, anniversary sets, rare or low serial numbers and the like.

I plan on giving the remaining balance away to my heirs before I die and sell off what is not needed.

If I die before hand, they are written in my will (inside my trust) to be given to specific heirs.

 

[Malibu]

I am fortunate that my kids are heavily involved in gun culture (military & working in gun industry), and when the time comes have their favorites to choose from. The rest they can sell off how they see fit. They and I all agree that whatever they decide to keep stay “in the wind” so to speak.

 

[ar15robert]

Kids get them. Was telling my wife I gotta decide which kids get which guns. She tells me that they will become hers if I die.

I said thanks for reminding me I need to leave them to the kids before then lol. I want some passed down and to continue. And they can do what they want with others.

 

[-D.M.-]

Getting a gun trust set up first and foremost. Wife will get control if I kick off before her.

No kids, only child, and no neices or nephews that I know of who are interested, so as I get older I may be looking for someone to add to the trust to take control and either sell or keep whatever they want.

My only wish is that they're not "surrendered" to this commie hole to be destroyed. Beyond that... I'm dead, who cares, really.

 

[-D.M.-]

Some of us have quite a collection, and that collection has some value. We have all heard those stories of widows or family members who inherit guns and just dump them at the police station because you know, guns are scary.

So, do you have a specific plan for your guns when you kick? Someone they will go to? Or are you just leaving it up to chance because you feel imortal?

I was doing a PPT at 2AZone last month. Some old hag was there with her hen friend and was "getting rid" of her husband's guns before the kids knew they were there.

She was talking, out loud for all to hear, how she planned to lie to all the kids and say they were sold before he passed, because, you know...guns are evil. Every guy there looked sick to their stomach.

It took all my willpower to not say something horrible to the withered, miserable old twat. It's one of our worst fears as "gun guys". And it was unfolding in real time before all our eyes.

The horror is real. Prepare well in advance, my dudes.

 

[Deleted member 7975]

As colossians323 said, good question. My son is into guns. My daughter is not into guns and she and my grandchildren live in Germany. So, unless grandchildren move to a free state in the US, they all go to Son. However, son does not have any children, so that will become a problem. Maybe donate or sell cheap to the North Idaho Militia.

 

[Deleted member 7975]

I was doing a PPT at 2AZone last month. Some old hag was there with her hen friend and was "getting rid" of her husband's guns before the kids knew they were there.

She was talking, out loud for all to hear, how she planned to lie to all the kids and say they were sold before he passed, because, you know...guns are evil. Every guy there looked sick to their stomach.

It took all my willpower to not say something horrible to the withered, miserable old twat. It's one of our worst fears as "gun guys". And it was unfolding in real time before all our eyes.

The horror is real. Prepare well in advance, my dudes.

You have more will power than I would.

 

[Nautworthy]

What’s the saying? - ‘I only hope my wife gets more for them than what I told her I paid for them’.

Seriously though, my wife knows my wish is to have them given to my brothers, all of whom are shooters. Of course, she may keep whatever she wants but I doubt it will be much. With a recent birthday milestone and the thought of getting older, I keep thinking that I should downsize now to make it more manageable but I just don’t think I can part with anything at the moment. 2025 will be the year for me to reevaluate.

 

[Vintagearms]

I was doing a PPT at 2AZone last month. Some old hag was there with her hen friend and was "getting rid" of her husband's guns before the kids knew they were there.

She was talking, out loud for all to hear, how she planned to lie to all the kids and say they were sold before he passed, because, you know...guns are evil. Every guy there looked sick to their stomach.

It took all my willpower to not say something horrible to the withered, miserable old twat. It's one of our worst fears as "gun guys". And it was unfolding in real time before all our eyes.

The horror is real. Prepare well in advance, my dudes.

My B of a mother did that with an old .22lr pistol my uncle had. Gave it to the local PD instead of giving it to me, the only gun guy in the family.

 

[-D.M.-]

My B of a mother did that with an old .22lr pistol my uncle had. Gave it to the local PD instead of giving it to me, the only gun guy in the family.

My grandpappy's .38 is lost to the 4 winds. We know someone in my parent's house snagged it before they both passed, we don't know who, when, or the serials. It was mine by birthright but who knows what dirt has been done with it now. Probably at the bottom of the LA River.

 

[sonofeugene]

I don’t have any children so all my guns will go to my youngest sister. Included in my guns are four of my father’s guns, a Luger with custom grips (see my avatar), a WWI Spanish pistol made for the French military with custom sweetheart grips, a 1934 Beretta my father carried ashore when he invaded the south of France, and a .22, single shot rifle he had as a kid.

I know they will be taken care of as my sister and her family shoots and she reloads.

 

[governmentsucks1776]

I'm 27 and I worry about this .. i already have a small-ish collection. I dream that one day I might hit 250. Who knows I might sell all of my stuff and buy me a bmw m4

 

[ikeo1]

Some of us have quite a collection, and that collection has some value. We have all heard those stories of widows or family members who inherit guns and just dump them at the police station because you know, guns are scary.

So, do you have a specific plan for your guns when you kick? Someone they will go to? Or are you just leaving it up to chance because you feel imortal?

I appreciate that you asked this question. So many people don't think about this for so many things, not just guns. I'm sure many of you have other collections as well. I subscribe to minimizing the collection to keeping a minimal amount of things. In the past I used to like to collect things but should anything happen, natural disaster or random event it can do a lot of damage and the true value is never realized.

I like to keep things in a living trust that I update annually and cycle out things as I lose interest in them. This is one of the reasons why the marketplace has as many features as it does. These are all tools to help you move things to others with the same interest and get the best value for minimal loss. That's not always the case because you might have something rare but for those, I usually have a shop noted down, Where and how to sell.

Another member mentioned keeping a spreadsheet that could also have a rough estimate of value.

I'm 27 and I worry about this .. i already have a small-ish collection. I dream that one day I might hit 250. Who knows I might sell all of my stuff and buy me a bmw m4

Big thing for you is things that appreciate vs depreciate. Firearms don't really go down. M4 will be out of style in a few years and you'll end up sinking more money into it. When I was 29, I bought a e60 M5 BMW, had a ton of fun taking it 150+ mph on the 10 at night. Then I blew up the clutch, flywheel, and gearbox by pressing the "M" Man button a bit too often. The bill was $20k to repair, but fortunately covered by warranty and only paid for the clutch $6k, tires another $1.5k lol, maintenance is also $600-$1k..

If I bought bitcoin with that money, this site would not exist and I'd have a yacht in a foreign country somewhere. At your age, accumulation is the smart thing to do, but I wasn't smart at that time or maybe now for that matter. I went back to Honda/Tesla, haven't had a problem since.

 

[joefrank64k]

I appreciate that you asked this question. So many people don't think about this for so many things, not just guns. I'm sure many of you have other collections as well. I subscribe to minimizing the collection to keeping a minimal amount of things. In the past I used to like to collect things but should anything happen, natural disaster or random event it can do a lot of damage and the true value is never realized.

I like to keep things in a living trust that I update annually and cycle out things as I lose interest in them. This is one of the reasons why the marketplace has as many features as it does. These are all tools to help you move things to others with the same interest and get the best value for minimal loss. That's not always the case because you might have something rare but for those, I usually have a shop noted down, Where and how to sell.

Another member mentioned keeping a spreadsheet that could also have a rough estimate of value.



Big thing for you is things that appreciate vs depreciate. Firearms don't really go down. M4 will be out of style in a few years and you'll end up sinking more money into it. When I was 29, I bought a e60 M5 BMW, had a ton of fun taking it 150+ mph on the 10 at night. Then I blew up the clutch, flywheel, and gearbox by pressing the "M" Man button a bit too often. The bill was $20k to repair, but fortunately covered by warranty and only paid for the clutch $6k, tires another $1.5k lol, maintenance is also $600-$1k..

If I bought bitcoin with that money, this site would not exist and I'd have a yacht in a foreign country somewhere. At your age, accumulation is the smart thing to do, but I wasn't smart at that time or maybe now for that matter. I went back to Honda/Tesla, haven't had a problem since.

Man o man...If only I had that advice when I was that age, haha!!

I remember reading something from Charlie Munger from back in the 90's (Buffet's partner) he said (paraphrasing): Do whatever you have to do to get to that first $100,000. Walk to work, only buy food on coupon, whatever. There's something magic that happens when you hit that sixth digit. Then invest. No need to complicate it. An ETF that tracks the S&P is fine. Then don't touch it and add to it over time. You can take your foot off the gas a bit at this point, too.

If only I had followed that advice, I'd have a yacht next to yours, haha!!

And 100% on the trust!! Makes things so much easier for who's left behind and keeps the probate court out of your family's business, haha!!

 

[colossians323]

Man o man...If only I had that advice when I was that age, haha!!

I remember reading something from Charlie Munger from back in the 90's (Buffet's partner) he said (paraphrasing): Do whatever you have to do to get to that first $100,000. Walk to work, only buy food on coupon, whatever. There's something magic that happens when you hit that sixth digit. Then invest. No need to complicate it. An ETF that tracks the S&P is fine. Then don't touch it and add to it over time. You can take your foot off the gas a bit at this point, too.

If only I had followed that advice, I'd have a yacht next to yours, haha!!

And 100% on the trust!! Makes things so much easier for who's left behind and keeps the probate court out of your family's business, haha!!

Not too late bro. the only time it is too late, is when you are 6' under.
I start new hopefully making money endeavors all the time.

 

[Enfielder]

I have a spreadsheet with who gets what. The rest will go to a local auction place. I told my son to open all drawers and boxes to find all of the parts and accessories.

 

[treelogger]

For normal guns, the same as for all other tangible possessions: My closest relatives will inherit them. The will is very simple and very clear on that. Given that some of those relatives are much younger than I am, and in great health, I'm quite certain that they will outlive me.

There is a spreadsheet with make, model and serial numbers in the gun safe, right next to the photocopies of the will and trust documents. Family members know where the ammo, parts and tools are.

Having discussed the issue with our trust attorney, we decided to not put tangible property into the trust, not even "titled" things like cars and guns. It doesn't save paperwork (in fact, it increases it), and the total value of those is small enough to be exempt from inheritance tax anyway. The trust is for big investments, which are real estate, stocks and bonds, and bank accounts. For those being in a trust is particularly important to prevent them from being locked down temporarily during the transition.

I don't think an NFA trust has any use in California, due to lack of NFA items. In other states that's a different story.

The one exception are the registered assault weapons: Those are already registered to multiple owners, myself and the immediate family members who could become heirs.