KEEPSAKE FIREARMS

It is an absolute fact that hundreds of millions of dollars in guns will be sold, traded, or inherited every year for at least the next twenty plus years as the Greatest Generation and the Baby Boomers retire or pass on. Many of these guns must be formally appraised, for estate, resale and tax purposes.

​

• The IRS requires that guns that are a significant part of an Estate be appraised for tax purposes. The same goes for collections of guns that are being donated to a museum, foundation, or non-profit as a tax deduction. (complete details are covered in the course).

• In divorce cases the firearms owned will often have to be valued to spilt up the assets.

• In the case of bankruptcies the guns are considered part of an individuals networth, a certain amount of which if properly documented they get to keep. (this is all covered in the course)

• Also individuals that need money for retirement or that need to raise cash, have to know what their guns are really worth so that they can get a fair price. In addition surviving spouses or children will often want to sell a deceased persons firearms, but have no idea of their value.

 

Keepsake Firearms Appraisal is able to help by providing our honest, educated opinion.