View Single Post
  #74   Report Post  
Bobsprit
 
Posts: n/a
Default Do You Own a Yacht???

When people want
assets in their spouses names, it is usually because of creditors
lurking about in hopes of getting paid. Bob said "he bought the car
and she bought the boat." Big surprise. A car is usually exempt from
the claims of creditors whereas a boat would not be exempt.

Not 100% untrue. Luxury items in my name would be dangerous for me at present.
I'm in the middle of an estate audit due to a recent death.
Since most of you have no real money and none to inherit you know nothing of
this or what flags the IRS systems.

RB