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  1. #10
    Machine Gunner
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    Jun 2010
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    Quote Originally Posted by kidicarus13 View Post
    "I'm putting eligible family members as trustees in my trust that I'm still allowed to private transfer as gifts."

    I've never heard that you can transfer personal firearms as gifts into your trust without a BGC. Please educate me.

    A couple of exceptions listed under C.R.S. 18-12-112:

    (b)

    A transfer that is a bona fide gift or loan between immediate family members, which are limited to spouses, parents, children, siblings, grandparents, grandchildren, nieces, nephews, first cousins, aunts, and uncles;

    (c)

    A transfer that occurs by operation of law or because of the death of a person for whom the prospective transferor is an executor or administrator of an estate or a trustee of a trust created in a will;
    It is my understanding that as long as I don't appoint someone as a trustee that doesn't fit in CRS 18-12-112 section (b) that you quoted, I can do that. I can also use the assignment to trust form for each item as long as I'm not violating state or federal law when doing so. NFA is a totally different animal, and I'm not addressing that here, which requires steps with the ATF. It would be in a person's best interest to consult an attorney before proceeding, which is what I'm in the process of doing.

    Edit: "I've never heard that you can transfer personal firearms as gifts into your trust without a BGC. Please educate me." You don't transfer to the trust; it's an assignment of property using an Assignment form you should get with your trust. Again....totally different process for NFA items.
    Last edited by MED; 03-16-2023 at 15:14.
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