How Do I Transfer From An Estate?
Posted 31 August 2004 - 08:28 PM
Thanks in advance for your help.
Posted 31 August 2004 - 08:54 PM
THere is not enough information here for me to be very detailed but I will give it a whirl-Don't hold it against me-
If the owner has a will contact the Executor- this information will be available fromthe probate COurt of from individuals that knew the man.
Only the Executor can sign the form 4 to transfer it to anyone (form 5 to a family member/heir)
If thier is no heir or the heir doesn't care for the weapon and wants dinero instead then have him tell the executor (if he is not it) to transfer it to the local C3, when complete pay the Executor and he will settle the estate and give what's left over to the heirs.
If there is no will then the Probate Court will assign someone-No will means a very prtracted search for possible heirs- darn gun will go up in value a bunch before this is settled, perhaps a year or longer- A will really helps you a lot-$$$$$
I think your going to have a tough row to hoe if there is a will and several beneficiaries or worse a specific bequest of the Thompson to a particuliar person(best case here is they don't want it, only $$$ and you can make a good deal) - Then you can contact that person and make your offer and have a C3 locally help with the transfer to himself and then to you out of state- Pay the C3 for the gun and he pay the hier, Allow only the transfer paperwork from the heir to the C3 be done before any payment for the gun,do not pay for the gun till its in the C3's name-Yes this will involve an extra transfer tax but lets keep our eye on the ball here.
Best case is will with an Executor giving property of estate to one person who doesn't want the gun that you can necgoiate with and line this thing out with- otherwise your in for a long wait, perhaps a risky one.
Posted 01 September 2004 - 11:08 AM
Posted 01 September 2004 - 04:49 PM
Posted 02 September 2004 - 07:35 PM