: How to divide inherited guns?


Jam Master Jay
07-17-2009, 08:48 AM
My brother and I have inherited several guns from our grandfather. We've divided up everything else from him but the guns were never divided up. We've just been sharing them. I feel like at some point they should each have a specific owner so neither of us feels taken advantage of. The problem is that we don't know how to go about dividing them up, as some are worth far more than others.

- US Govt Issue 1911A1 made by Remington Rand that my grandfather carried in the Phillipines in WWII. He engraved the names of all the places he went in the south pacific on the grips which he'd made himself. The frame is nikel plated with the plating flaking off in a spot and the slide is completely dull metal but the gun is priceless to us because of the history behind it.

- Winchester 62A .22 rifle in very good to excellent condition

- Hi Standard HD Military, long heavy barrel, in very good condition with a holster.

- Smith & Wesson 38S&W revolver in mediocre condition but still fully functional. Very wierd, has button type trigger and no trigger guard. Pretty old but I can't find any info about it online.

- Ithaca 20ga pump action shotgun. Good condition

- Savage .22/.410 O/U in mediocre condition

I will try to post some pictures of the rest later if I can find them.

How would you all go about divvying these up if it were you?

far...right
07-17-2009, 08:52 AM
Id take the 1911 and leave everything else.

Romogo
07-17-2009, 09:16 AM
Got any pictures of the 1911? I would love to see it. Other than that, I've got nothing. Everyone has different tastes in weapons. Personally I wouldn't divvy them up based of monetary value.

4runner
07-17-2009, 09:19 AM
I have found that rather than trying to divide by $$value, try to work together and divide by what each of you PREFER to have.

ROCKILLER
07-17-2009, 09:22 AM
I have found that rather than trying to divide by $$value, try to work together and divide by what each of you PREFER to have.

x2, who cares what they're worth. It's not like you're going to sell them anyway.

j14kelly
07-17-2009, 09:38 AM
Make it like a draft... the older brother gets the first pick, and go from there. And of course the stipulation would be that you would continue to share and have use of each other's guns.

Another stipulation would be that neither of you can sell any of the guns at any time. Unless it was to each other say if one of you was hard up for cash the gun could be collateral for a loan.

edglock21
07-17-2009, 09:57 AM
I have found that rather than trying to divide by $$value, try to work together and divide by what each of you PREFER to have.Yeah - each person would make a list ranking each gun from 1 - xx; who ever has it ranked highest gets it. Ties can be decided as you see fit.


Another stipulation would be that neither of you can sell any of the guns at any time. Unless it was to each other...Yes, a "right of first refusal" is a must.

My brother sold his Para Ordnance 14.45 to some guy and never even asked me if I wanted it...:homer: It was his to do with as he pleased, but I would've liked him to at least ask me though - I always liked that thing.

rockmup
07-17-2009, 10:20 AM
I have found that rather than trying to divide by $$value, try to work together and divide by what each of you PREFER to have.


THIS


Yeah - each person would make a list ranking each gun from 1 - xx; who ever has it ranked highest gets it. Ties can be decided as you see fit.



AND THIS

And they should be yours do with as you see fit. period

DRM
07-17-2009, 10:27 AM
First option:
Each of you list all of the guns in order you want them.
Compare lists, and see if they can be split up based on that alone.

If not,

Flip coin to see who goes first.
First guy picks one gun.
Second guy gets 2nd AND 3rd pick.
Alternate one gun per pick after that until they are gone.

Regardless - draw up a one page agreement to give the other brother first right of refusal should you ever want to SELL any of the listed guns, and list a pricing method in the agreement (VERY important). Passing the on to your children will negate the agreement.


Good luck :)

edglock21
07-17-2009, 10:41 AM
And they should be yours do with as you see fit. periodYou don't agree with a right of first refusal?

What if the one that gets it takes it to the pawn shop and sells it right away? I would be pissed if it wasn't even offered to me first (in this type of inheritance situation)

That thing with my brother was different - it was his gun, that he bought - I was just mildly perturbed that he didn't think to ask me if I wanted to buy it from him (for whatever the offer from the other guy was).

SilverZuk
07-17-2009, 12:09 PM
To do it fairly agree on what ones you want and what ones he wants.

You put your guns on one side, his on the other.
If you can't come to an agreement on specific guns, then start negotiating like I'll give you these two for that one still on the table.

If that won't work, then put the guns in dispute in a hat. Flip a coin to see who draws first. Then take turns drawing them out of a hat.

All guns on boths sides should have the clause "If I ever sell, you get first option".

Ideally they will always be Dad's guns and you all swap them back and forth. If he wants the 1911 for a while then he takes it. If you want it for a while then you take it.

My cousin and I are like that with guns. If he wants a gun, I give it to him and vice versa. When he hasn't shot it in a while he will say, "let me give you that SKS back. I haven't shot it in a while".

SilverZuk
07-17-2009, 12:14 PM
I have seen estates where they priced everything. The heirs were required to buy them from the estate in an auction format to avoid bickering.

If you are worried about the financial aspects, price each gun based on "book price".
Then negotiate the division based on dollar amount.

BTW, depending on the date and condition - the Win 62A may be the most valuable gun in the collection.

Personally I would want it and the Ithica 20.

Numidian
07-17-2009, 12:36 PM
Go with what 4Runner said....

If that won't work then maybe just flip a coin, whoever wins the coin toss gets to pick first just like dodgeball in elementary school. If there is an odd # of guns, flip a coin for the last gun also.

5spd
07-17-2009, 05:51 PM
List each gun on a slip of paper, drop in a bowl and draw one at a time until they are all divided. Oldest draws first.

murse
07-17-2009, 05:58 PM
I say give the most valued gun to the family member with the best safe. Because the only thing worse than only one of you having it, would be none of you having it.


After that my only advice is cage matches.

Never Monday
07-17-2009, 06:32 PM
that S&W is just down right cool.

kwrangln
07-17-2009, 06:36 PM
This is a very complicated situation which may go so far as to require...





















...




















....

















...

















A Dance Off.

Both of you must now do your best dance routine to Michial Jackson's "Thriller", video tape it, post it on youtube and link it here. We will vote on the winner, who will get first pick of the available guns.

Problem solved.:flipoff2:

mrwizard
07-17-2009, 06:46 PM
The Rem/Rand, has the most value, monetarily and sentimental, I doubt either of you will shoot it, therefore each of you should get to own/display it every other year, i have friends with similar issue, they give the item to each other for Xmas every year, the H/D and the Win. 62A are equal value and condition, equal split... the Ithaca and the Savage are pretty close, whoever gets the Savage should get the S&W as a kicker, but it should NOT be fired. I know that I'm sticking my nose in your biz, but thats how I'd do it. BTW , in my family all family guns stay in the family.

rockmup
07-17-2009, 09:43 PM
You don't agree with a right of first refusal?

What if the one that gets it takes it to the pawn shop and sells it right away? I would be pissed if it wasn't even offered to me first (in this type of inheritance situation)



Thats their choice. So long as I got what I felt was fair they can do whatever they want to with theirs.
Hopefully you have a relationship where everyone understands the wants/needs of the others and that doesn't happen

Cabin Boy
07-17-2009, 11:37 PM
You're gonna have to settle this dispute "country style".


YouTube - Buddy Hackett Duck Joke (http://www.youtube.com/watch?v=9DqSw41jD2Q&feature=related)

BumpyDodge
07-18-2009, 08:52 AM
I'd have the guns valued by a licensed professional appraiser (Not a gun store owner) and work from there. If everything has a $ value from an unbiased third party, sentiments are less liable to get in the way and you can probably reach a fair agreement with your brother.

I can help you out a little bit with the S&W,
It appears to be a First Model top break single action .38, a.k.a "Baby Russian". Made only two years, 1876-1877. "Weird" trigger is properly called a spur trigger. If you contact S&W's historian guy and give him the s/n, the company can mail you a letter of authenticity on it for $50 (I checked S&W's site, the price must have gone up - they used to cost around $20). Don't know if it's worth 50 bucks to you, but the letter does look nice in a frame and I think it also adds a little value to the gun. http://www.smith-wesson.com/webapp/wcs/stores/servlet/CustomContentDisplay?storeId=10001&catalogId=11101&content=25301&sectionId=10504

kwrangln
07-18-2009, 05:52 PM
You're gonna have to settle this dispute "country style".


YouTube - Buddy Hackett Duck Joke (http://www.youtube.com/watch?v=9DqSw41jD2Q&feature=related)


Completely off topic, but damn that was good. What the hell happened to that kind of entertainment on TV? We just don't have personalities like that in the entertainment industry any more.

Jam Master Jay
07-18-2009, 06:37 PM
Thanks for all the comments everyone. I'll have to have my brother check this thread.

I'm :lmao: at kwrangln's danceoff.

I couldn't seem to find my photo of the 1911 but I'll get one to share with you all just because it's such a neat deal.

Here are photos of the other guns.

LegendKiller89
07-18-2009, 08:45 PM
Me and my Brother and my cousin will divide the guns when my Grandfather dies. This is how it is being worked for us maybe you will find some use of it.

It is going oldest to youngest. So my brother gets first choice then me then my cousin... so on and so forth until all guns are gone. If one wants to trade his spot say my cousin wants to trade places with me to get the second choice... I get to pick two guns after his selection. We already have most of the guns divided up as to who gets what.. but my Gradnpa keeps on buying :D. And there are some guns that we don't have a designated inheritor (I think I just invented a new word :laughing: ).

Can be a sticky situation but if you two get along then this will not be that difficult. I would try and stay away from the oh well this is worth more money so I want that gun. Bad idea.... go for what you want, not whats worth more.

Hope this helped you in some way.

N_Rod
07-21-2009, 09:15 AM
The only fair way to divide these guns is to send them all to me. Then after I take a small percentage of these guns for myself (payment for my troubles) I will divide them up fairly.:D