The worry over cost of transfer to your heirs, IMO, is insignificant.
The $200 stamp and transfer has been $200 since the '34 act, and was expensive back then and relatively cheap now, and it hasn't been adjusted in all these years. It'll prolly be $200 50 years from now when the time comes for your heirs to pay for any transfers, or 80+ years from now when you die and the beneficiaries of your trust die. By then, $200 might be a Big Mac, fries, and a Diet Coke.
While the perpetuity of the LLC is appealing, registration, yearly renewals, yearly tax returns and tax prep costs all are very expensive (money wise and time wise), especially if you live awhile. Like Pangris said way back, just stick $200 for each item in an account for the purpose of the transfer at your death if you're really worried about your NFA assets after you kicked the bucket. To me, that's a lot cheaper than paying $25 per year plus filing a tax return every year and dealing with paperwork.
And while laws and politics don't usually make any sense. . . I don't see how any potential future laws preventing transfer of NFA items would allow NFA LLC's to go on in perpetuity.
That's all just my humble opinion. I am not a lawyer, I don't have any trusts, nor do I own any LLCs, nor do I possess any NFA items (yet)
The $200 stamp and transfer has been $200 since the '34 act, and was expensive back then and relatively cheap now, and it hasn't been adjusted in all these years. It'll prolly be $200 50 years from now when the time comes for your heirs to pay for any transfers, or 80+ years from now when you die and the beneficiaries of your trust die. By then, $200 might be a Big Mac, fries, and a Diet Coke.
While the perpetuity of the LLC is appealing, registration, yearly renewals, yearly tax returns and tax prep costs all are very expensive (money wise and time wise), especially if you live awhile. Like Pangris said way back, just stick $200 for each item in an account for the purpose of the transfer at your death if you're really worried about your NFA assets after you kicked the bucket. To me, that's a lot cheaper than paying $25 per year plus filing a tax return every year and dealing with paperwork.
And while laws and politics don't usually make any sense. . . I don't see how any potential future laws preventing transfer of NFA items would allow NFA LLC's to go on in perpetuity.
That's all just my humble opinion. I am not a lawyer, I don't have any trusts, nor do I own any LLCs, nor do I possess any NFA items (yet)
