Liquidating an Estate by Martin Codina

Author:Martin Codina [Codina, Martin]
Language: eng
Format: epub
ISBN: 978-1-4402-3669-3
Publisher: Penguin Publishing Group
Published: 2013-08-22T16:00:00+00:00

THE FAMILY WANTS THE GUNS

If you handle the disbursement of firearms to various family members improperly, or outside of the laws of your local jurisdictions, you may be opening yourself up to an explosive powder keg of problems.

This is no laughing matter. In estates across the country, firearms are being transferred from one family member to another in ways that may not be legal, and because the transfer was not done properly, the estates from whence those improperly disbursed firearms came may find themselves encumbered by any number of consequences and liabilities.

The most likely estate where this sort of scenario occurs is in the estate of a hunter — someone who, over the course of their long life, had many practical reasons to acquire their firearms. Let’s say your grandfather hunted over the course of a fifty-year period and in that time he was able to acquire a variety of firearms, each one specific to a certain species of animal or hunting style. Or maybe he was a marksman, each week going out to the range for target practice. In either case, they may have acquired as many as 10 or 15 different firearms, sometimes many more.

In a family where there is a culture of hunting or firearms collecting or both, often these activities by the grandfather will become family activities. In other words, a grandfather, by his hunting or sharp-shooting activities, will have encouraged these activities in his children, and by extension, to his grandchildren. It is not outside the realm of possibility that each of his family members will feel that “grandpa’s guns” belong to them.

And there’s nothing wrong with this. These firearms do belong to the family, and if it was the grandfather’s direct wishes that his firearms should be passed down to his descendants, or if because there is no written will, it has been decided by the executor that it is okay to pass them down to other family members, That’s fine. I only have four suggestions:

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