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The Range
Firearms Chat
NFA dealer in Oklahoma
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<blockquote data-quote="kingfish" data-source="post: 3828784" data-attributes="member: 50496"><p>I had been putting all my stamp items in a trust with my wife and a cousin as trustees. My last two cans I went to individual because of the law change regarding the new BS to add trustees. All that will need to be done upon my demise is have those cans taken into possession by a Class III dealer and a Form 5 filed for whoever is to receive them. There is no additional tax stamp required or cost to do this, but it will have to go through the same process and approval as a Form 4. I have no one to leave my collection to so if my cousin outlives me, he gets it all. He will help my wife sell it. If not I will instruct my wife to take it all to a dealer and take whatever she can get for it.</p></blockquote><p></p>
[QUOTE="kingfish, post: 3828784, member: 50496"] I had been putting all my stamp items in a trust with my wife and a cousin as trustees. My last two cans I went to individual because of the law change regarding the new BS to add trustees. All that will need to be done upon my demise is have those cans taken into possession by a Class III dealer and a Form 5 filed for whoever is to receive them. There is no additional tax stamp required or cost to do this, but it will have to go through the same process and approval as a Form 4. I have no one to leave my collection to so if my cousin outlives me, he gets it all. He will help my wife sell it. If not I will instruct my wife to take it all to a dealer and take whatever she can get for it. [/QUOTE]
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