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Do You Own a Yacht???
On 09 Jul 2003 13:52:12 GMT, (Bobsprit) wrote:
However, when you get older and (God forbid!) have children, you may start to
think of
estate transfer. In that case the issues are different, and it becomes
important to
balance holdings, and to set up trust funds to maximize the amount that stays
in the
family.
You clearly know very little about estate transfers. By splitting the holdings
you pay far more in taxes if a transfer is made. You also fail to realize that
financial history comes into play. Suzzy's is perfect. Mine is not.
RB
Does she give you an allowance? I really doubt that estate
considerations are of paramount importance to you two. In any event,
you don't live in a community property state, so she owns the boat and
is nice enough to let you crew, so you should be happy. At some
point, perhaps, one of the bitter women may let you take the wheel.
Now this "half price" business is starting to make some sense. You
should more accurately refer to the boat as "free".
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