Can a Trust be Formed After Approval/Taking Possession?

[kmk1012]

I've purchased two suppressors in the past year on form 4's, individual as that seemed the easiest at the time. Now, after finding out that my time on this planet will be limited by my cancer I'd like to transfer them into a trust so when I'm gone it's not a hassle for my wife. I guess my question is, does there need to be another $200 per item paid? Or do I just start the trust and let the other party wait for background?

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[yotehunter]

$200 per item transferred to the trust.

 

[Member 34319]

Fill out form 5s for each item. Note that the items, by serial number, go to your wife in your will. Show her how to file form 5.

https://www.atf.gov/firearms/docs/form/form-5-application-tax-exempt-transfer-and-registration-firearm-atf-form-53205/download

Edit, you'll also need a form 23.

Added bonus, if you create a trust for your wife, she can transfer to the trust if and when.

 

[Member 34319]

This helped me prefil mine.

 

[CountryGent]

So sorry to hear of your illness and best of wishes with treatment. (Our family recently lost someone close to the big C. )

As to legal machinations, the guys above are correct. Transferring to a trust is going to be another two C-notes and full wait time. If your chief concern is transferring the cans to your wife, a Form 5 is tax exempt and pretty easy for all involved.

Anyway, if we can help in the process, I'm sure the fine folks here will do their best.

 

[kmk1012]

Thanks for the quick replies. I'm not going anywhere real, real soon, the docs say to figure on two to four years. I've got some time remaining thankfully. My wife isn't interested in keeping them so I'm going to give them and the firearms to a close friend. I'll watch the video @Reno linked a little later tonight and check out the forms recommended. I figure may as well get it sorted out now vs later. Appreciate the help as always!