High Capacity Magazines and children

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06-27-2013, 09:58
RCCrawler

High Capacity Magazines and children

So with the new laws taking effect I want to make sure my children have some magazines of their own. I currently have plenty on hand, that's not an issue.

My question is, should I maybe have a bill of sale notarized saying I sold X number of magazines to each of my children on X date?

I know it's currently legal for my children to own such magazines, my worry is though that if say in 20 years things haven't changed legally here in Colorado and my son is out shooting, no police officer will believe that he owned the magazines before 7/1/13 because he was 3 years old at that time.

If he could whip out a notarized receipt showing he took ownership before such the cutoff date he'd be covered.

Sound right, or am I over thinking this?
06-27-2013, 10:00
Mazin

Sounds good to me!
06-27-2013, 10:01
UrbanWolf

If you can find a notary that won't freak out then yeah.
06-27-2013, 10:02
3beansalad

No need to sell them to your children (unless you want to,) simply write up a letter gifting them and have it notarized before 1 July 2013. Will it hold up in court at a later date? Who knows, but it may.

There has also been some discussion of naming spouse and children as joint owners.
06-27-2013, 10:29
KS63

NFA Trust. List your children as Beneficiaries. That's what I did.
06-27-2013, 10:37
kidicarus13

Re: High Capacity Magazines and children

Trust
06-27-2013, 10:43
Jeff350

I had NFATrustGuy draft me up a separate trust just for my non-NFA items, specifically for this reason. I have one daughter and a son on the way, so I couldn't just gift him mags for the future. Since the trust now owns the magazines, I can add the kids as beneficiaries and they should be able to possess them. I don't want to be the test case though!
06-27-2013, 10:48
Chad4000

do you think youd even have to have it notorized?
06-27-2013, 10:50
hatidua

Quote:

Originally Posted by RCCrawler

my worry is though that if say in 20 years things haven't changed legally here in Colorado and my son is out shooting, no police officer will believe that he owned the magazines before 7/1/13 because he was 3 years old at that time.

20 years is a historically unfortunate increment of time when it comes to gun laws....I hope we can still legally own guns that accept detachable magazines 20 years from now.

20 years ago the first AWB had yet to occur
25 years before that, GCA68 had yet to occur
20 years from now...I shudder to think how things may be, -regardless of how much I donate to SAF/NRA/Etc. or how many banners I wave on the steps of the capitol building.

Getting something notarized is cheap though, so if doing so gives some level of comfort, go for it.
06-27-2013, 10:57
3beansalad

Quote:

Originally Posted by Chad4000

do you think youd even have to have it notorized?

Since your bank will commonly do this free of charge it is extra insurance showing it was written before the ban went into effect.
06-27-2013, 11:13
JMBD2112

My wife's a notary, pm me if you want her to do it
06-27-2013, 11:27
.455_Hunter

My son is 7, and beginning tonight, he will have a nice wooden box of assorted 16+ rd magazines on the top self in his closet with a fully notarized inventory list indicating today's transfer date.
06-27-2013, 13:14
RCCrawler

Quote:

Originally Posted by UrbanWolf

If you can find a notary that won't freak out then yeah.

I've got one here in the office.

Quote:

Originally Posted by KS63

NFA Trust. List your children as Beneficiaries. That's what I did.

My children are already listed in my NFA trust as beneficiaries, but as I was told by my lawyer as long as I am alive they cannot posses the items without me being present. Once I died then yes they would go to them.
06-27-2013, 15:21
Great-Kazoo

Quote:

Originally Posted by RCCrawler

I've got one here in the office.

My children are already listed in my NFA trust as beneficiaries, but as I was told by my lawyer as long as I am alive they cannot posses the items without me being present. Once I died then yes they would go to them.

Appointment of CO-Trustee Same way you allow someone to be in possession of your suppressors etc. Then again they are under 18, However magazines are not age ownership restricted.
06-27-2013, 16:36
Hound

Quote:

Originally Posted by KS63

NFA Trust. List your children as Beneficiaries. That's what I did.

Same here
06-27-2013, 16:49
RCCrawler

So are you guys saying if they are listed as beneficiaries they can have possession of anything in my trust, (if they were of age)

because my lawyer said as beneficiaries they could not posses anything on in the trust unless I die.
06-27-2013, 16:58
Great-Kazoo

Quote:

Originally Posted by RCCrawler

So are you guys saying if they are listed as beneficiaries they can have possession of anything in my trust, (if they were of age)

because my lawyer said as beneficiaries they could posses anything on in the trust unless I die.

? ? ? ? ?

The Appointment of CO-Trustee allows use of items in the trust.
Now your Attorney is probably talking about actual ownership of firearms. Those items cannot be "transferred" until you pass on, or come back as the neighbors annoying mutt.
Anyone on my trust can use, but not take OWNERSHIP until i'm ashes. As again i "believe" your attorney is saying. However always VERIFY with your attorney and not someone on an internet forum, especially me.
06-27-2013, 17:21
Rooskibar03

Here is a photo of Ava loading HER standard capacity magazine.

http://i298.photobucket.com/albums/m...ps1bb75cd6.jpg

That will hold up in court, won't it.
06-27-2013, 18:05
NFATrustGuy

For anyone using my Trusts, the BENEFICIARY doesn't come into play until the Trust assets are distributed or the Trust is terminated for some reason. As Jim has said in a couple of his posts, in order for someone to legally possess/use a Trust asset (a 30 round mag), that person needs to be listed as the main Trustee in the Trust or as a co-Trustee appointed by the main Trustee using the forms I provide in my package.

What I'm calling "Backup" Trustees in my Trust paperwork only come into power after the main Trustee dies.

This explanation is correct for my Trusts, but I can't guarantee that it's accurate for anybody else's Trust.

As you might guess, I've been inundated with new Trust requests over the last week. I'm keeping up, but just barely. The biggest challenge for those late to the party will be finding a Notary this Saturday or Sunday. The Trust needs to be signed & notarized before the mags can be put in the Trust. The mags need to be put into the Trust before July 1.

Send a blank email as noted in my signature line if you want a Trust. As it stands right now, I can get it done by this time tomorrow if I receive your information by midnight tonight. After that, I'll do my best, but it'll probably be late Friday night or Saturday.

Rod