Sign in to follow this  
Followers 0
hduncel

Transfer from Estate to Named Beneficiary

Location:

5 posts in this topic

I really hate to ask, but it's been "a while" since I completed any ATF forms, and with the current situation I'm just preppint to make things easier for my wife if something were to happen to me.

Are both FP cards and Photos required for Form 5 transfers to a Named Beneficiary now?  In the past only Photos were required, but the current Form 5 instructions don't appear to indicate an exception for FP cards.  Can someone please clarify?  Thanks in advance!!

Howard

Share this post


Link to post
Share on other sites

I had 3 NFA items transfer to me on a Form 5 as a named beneficiary 13 months ago and FP cards and photos were required.

Share this post


Link to post
Share on other sites

The term Beneficiary really is only used in a trust situation, but the context seems more like you're talking about a will or transfer from an estate.  If you are speaking of transfer pursuant to a will or intestate estate administration then the proper term is probably Heir.  If that's the case then yes, fingerprint cards and photos needed for Form 5 if it's pursuant to a will.  If it''s going through an estate but not by will then I think it's still a form 4.

Share this post


Link to post
Share on other sites
The use of a Form 5 allows the tax free transfer as a named beneficiary (heir or heiress) in a will. The Form 4 (with $200.00 transfer tax) would be used if the transferee is not named in the will or the weapon is purchased from the estate.
 
 
 
NOUN
beneficiary (noun) · beneficiaries (plural noun)
  1. a person who derives advantage from something, especially a trust, will, or life insurance policy
     
     

Share this post


Link to post
Share on other sites

Thanks to all who responded.  After posting I realized I should have used the term "named Heir" vs. beneficiary.  Just wasn't thinking straight at the time.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0