For the transfer or receipt of a regulated firearm by inheritance, the recipient shall submit a completed firearm application to the Secretary in the prescribed format. For the transfer of a regulated firearm by inheritance to a recipient who is younger than 21 years old: The title of the firearm may be transferred to the recipient; The estate shall retain possession of the firearm until the recipient is 21 years old; and On receipt of the firearm, the recipient shall comply with the provisions of this chapter and Public Safety Article, Title 5, Subtitle 1, Annotated Code of Maryland.