Do you plan on getting rid of your guns before you die?

[Cesiumsponge]

I have everything arranged in my trust. It bypasses the probate process of items in a will so no public record. I would consult am estate lawyer if you want to do this type of planning. You don't want your beneficiaries to inadvertently break laws if you're rendered incapacitated or pass away with a safe full of tricky NFA items.

 

[commygun]

If they are still interested I will slowly give my two sons my collection as they go through their 20's and 30's, keeping whatever my aging self can handle for self-defense. If they're not interested I will slowly sell them off and treat my wife and myself to a series of gut-busting Tex-Mex dinners. Either way I hope they're gone by the time I die.

Oh, except for the Glock. I'll have that cremated with me. It'll melt, right?

 

[beatledog7]

One of my biggest concerns is getting rid of the ammo that I've accumulated over the years.

If I have fair warning that I'm about to kick over, getting rid of my ammo will be the best part of getting ready to die.

 

[hepclass]

sorry for your friend. this is my first post on this site and this thread really hits home!!! younger gen . just does not care about sentimental value of things, i do not know what i am going to do with all my things.kids are 28 and 30 still living with mom . they do not even have a place to store books . sorry but this though sucks big time.

 

[tekarra]

I am selling off most of my guns, having gotten rid of most of the rifles and shotguns as I have not hunted in some years. Gave a few away to siblings. Have also been slowly selling off the handguns and reloading stuff to leave less work for the wife. At first it was difficult to let them go. but then nothing is forever.

 

[Sauer Grapes]

I already started this week. I'm still enjoying my guns and shooting. I don't have any kids, so most of them will be sold, one way or the other. I have nade a list of all my guns and priced them to sell if something "sudden" were to happen to me.

I do have a nephew that has shown some interest since he has bought a pistol for CCW. I just gave him one of my S&W 5906's and my father's Colt Targetsman .22. Someday down the road I'll probably give him his choice of something else in my collection.

 

[Rontherunner]

I hope to pass most of my guns - and other assets - on to family members while I'm still able to enjoy the kids enjoying the assets. THIS NEEDS TO HAPPEN AT LEAST FIVE YEARS BEFORE I NEED LONG-TERM CARE. Why? Because if I do that, it preserves my estate so that Medicare will pay for my nursing home - and I'll get exactly the same care as if I were paying out of my estate.
I'm going through this with both parents. They cost about $75,000/year each in costs that would have been covered 100% by Medicare. That's $750,000 that could have been used by their families....and they are getting the same care in the same facilities as those with no assets get from Medicare.
We all have living trusts in place. I encourage you all to explore that, if you have assets.

I'm guessing you meant Medicaid, not Medicare for long term care? I wasn't aware that Medicare pays for nursing home care, except in the 30 days immediately following a hospital stay of at least 3 days...?

 

[Legionnaire]

If God allows me to age gracefully, I plan to downsize my collection as my strength wanes. I'll hang on to a minimalist set until I can't shoot any more (my FIL is in his 80s and still hunts). My kids with interest will have opportunity to select something. I don't have anything of sentimental value, so no point in pretending to "pass on a heritage" that way. And if I don't need the money for something else, I'll probably donate what remains to a local club to help them raise funds.

 

[Ohioan]

I'm 30. I don't really have a collection per se. A handful of basic self defense guns, a muzzle loader i built myself, and a muzzle loader a very close family friend gave me.

There is no greater honor than an elderly friend showing up, out of the blue, at your door with a muzzle loader that he had built and saying "I want you to have this, I know you'll appreciate it." This same friend gave me some tools, a powder horn and other muzzle loading items because his children never had any interest, and i had been picking his brain for years.

If you're going to give your guns away, give them away while you're still alive. Honor your friends and relatives with gifts. Getting something after someone is deceased is nice, but when someone gives you something before they won't ever use it is a great honor.

I plan on giving my firearms to my son, if he's interested in them, not the monetary value they hold. Or, if not him, any friends or relatives who are interested.

A lot of you guys are looking at your collections as investments, with high dollar 1911s, gold plated special edition firearms etc. So that definitly changes what you're going to do with them. Right now, everything i own is utilitarian. So they'll be gifted. Now if i start collecting, then i'll probably liquidate things in 30 years or so, provided i'm still allowed to own them.


Sent from my DROID BIONIC using Tapatalk 2

 

[WIKD]

A very interesting question. I had not really thought of it before but now that the question comes up I will have to. I'm not sure whether my step son would value the collection I have and since he is the only one to hand it down to it may be smarter to give him the couple that mean the most to me and liquidate the rest.

 

[4v50 Gary]

Some are going to museums or National Battlefield Parks whee they may be used by rangers/reenactors to teach visitors. They're riel picas and not antiques so they're all suitable for handling without cotton gloves.

 

[T Bran]

I have no children so I'll take them with me when I go. A very dear friend has a machine shop and I've been thinking about having them all mig welded together in the shape of a casket. Just need one more break action shotgun to complete the hinge assembly.
Wonder what thats going to weigh. [ Just kidding pretty cool concept though ]
I have been saving a few things for the nephews/nieces to get old enough mostly family heirlooms. The rest can be sold off or kept by whoever survives me.
Sorry for the ribbing but this is such a depressing subject it needed a little levity.
T

 

[BigN]

If I become old and disabled enough to where I can longer get around to shoot, I'll give them away. If not, then my daughter will get them in the will. Her husband is a shooter and he's in for a real treat.

 

[Ignition Override]

No, although unanticipated medical costs years from now could easily bankrupt most people, requiring a sale.

My wife is way too smart to ever consider selling to a pawn shop, or a gun shop. Most would probably try to cheat her out of over half of their value.
Hopefully my son will one day become interested in them, but he was gone to college before my interest in guns even began, and then he stayed in town with his mom.

 

[tubeshooter]

No. Right now the plan is to let my brother, daughter and best friend have at whatever they want. I have a cousin that shoots too, if he wants anything I'd like to see him get it.

Only the best friend and cousin are "into" guns, although I'm sure my brother and daughter will take a piece or two.



Past that, it's whatever. I'm gone anyway.

 

[Romeo 33 Delta]

I'm cruisin' toward the Cocktail Hour of Life and someone's greasin' the skids!

I've been an avid collector and shooter/reloader for decades and at 67, married, no kids, good health, I'm anticipating many more eventful years.
However, God may have other plans.

As much as I love collection, shooting, reloading, my guns are just "stuff", like any of the other "stuff" I've collected over the years (guitars & amps).

"Stuff" is what you can't take with you when you check out for the last time. (I checked into a Treasure Tomb ... herself said: "No way!" ... end of discussion.) If you have family that are interested in your firearms ... great. If not, that's OK too. Afterall, it was YOUR hobby, not theirs. If they'd rather have the money, don't feel bad. Your guns are going to be sold and bought by other, younger collectors who will likely love any particular one or a number of your guns every bit as much as you do. Nothing wrong with that, is there? Isn't that what it's all about ... giving them a good home?

You see, most of my collector firearms did come from a previous collector ... in some cases, multiple collectors. I'm THRILLED that someone opted to put them on the market so I could own some of them.

Just my 2 cents worth and worth about that much ... but from the heart!

 

[P5 Guy]

Plans

Almost all, hopefully will be sold off before I shuffle off the mortal coil so to speak. At fifty six single with no children, I have been selling the queens of the safe. Planning on having a chosen two or three, sooner rather than later.

 

[moewadle]

I will be holding my SW Chief's

Special under my laprobe at the nursing home.

 

[Ignition Override]

When did nursing and retirement complexes begin allowing guns, or is the prohibition only at some of them?

 

[valnar]

I'm not an expert on trusts, estates or legalities, but what is the purpose of putting it all down on paper for lawyers to discuss? If I simply told my (adult) kids where the guns are, so that if I lose my mind or kick the bucket, they could simply go in and get them. Put them in their own house. As far as anyone else is concerned, they were never there. I want my kids to have them anyway, so they can make the decision whether to keep them or sell them for money. It's not like in the State of Ohio that anyone has a record of what I purchased.

Why treat my guns different than any other asset, like a toaster or television. Am I missing something?

 

[VancMike]

Commygun: "If they're not interested I will slowly sell them off and treat my wife and myself to a series of gut-busting Tex-Mex dinners....."

So you're going out with a bang with or without firearms???!!!!

 

[scythefwd]

Yes, they will be passed to whatever family member takes the most interest in shooting. I'm not even near that age.. but I'm not kidding myself... I'll probably succumb to dimensia, just like the rest of my family so it's nice to have a contigency plan.

 

[Bubbles]

Why treat my guns different than any other asset, like a toaster or television. Am I missing something?

Some states have firearm registration. Also, anything Title II should be mentioned in the Will so it can transfer tax-free on Form 5 to the heirs, and machine guns are quite valuable.

 

[Grousefeather]

I plan on keeping any govt policies out of any determination of my estates be them guns, property etc. At the proper time I will, If I can, determine what happens to my goods. If not I will leave explicite inststructions.

 

[WALKERs210]

My wife knows the rifles that I intend to leave to my grandson. The rest have a fair price next to detailed description. Also we have friends that have already said they would help and get the highest price they could at no charge. Really I was looking for a casket large enough for 40-50 guns and then stick me in there too.