Do You Own a Yacht???
 

And my tools are made by Craftsman. That makes me a real builder?

No...it makes you a real tool....
--
katysails
s/v Chanteuse
Kirie Elite 32
Ad eundum quo nemo ante iit.
http://katysails.tripod.com

"Women and cats will do as they please, and men and dogs should relax
and get used to the idea." - Robert A. Heinlein

Do You Own a Yacht???
 

He's not even married, I checked.

SV


"Donal" wrote in message
...

"Jeff Morris" jeffmo@NoSpam-sv-lokiDOTcom wrote in message
...
Are you serious? You mean you don't own the boat; Suzie does? So you
really don't have a
boat!

He doesn't own any boat. Neither does Suzy.



This is about as sad as it gets. [sigh]




Regards



Donal
--

Do You Own a Yacht???
 

"Horvath" wrote in message
...
On Tue, 8 Jul 2003 09:53:27 -0400, "Scott Vernon"
wrote this crap:

The CG considers my boat a 'vessel'.

Everybody else considers it "flotsam."

nobody that counts.

Do You Own a Yacht???
 

Not true in all states. In Florida, we still have to purchase and
display a state sticker.

Does it cost the same? In Maryland also but it's about two bucks vs $35 or
something for non-documented boats.
S/V Express 30 "Ringmaster"
Trains are a winter sport

Do You Own a Yacht???
 

It doesn't take that long EVER.

Beg to differ. It took me almost a year when the Coast Guard was moving. Are
they done moving?
S/V Express 30 "Ringmaster"
Trains are a winter sport

Do You Own a Yacht???
 

He's not even married, I checked.

In the matrix he is.
S/V Express 30 "Ringmaster"
Trains are a winter sport

Do You Own a Yacht???
 

Because ultimately crap cost you more. If you buy
quality, you only have to do that once.

"Horvath" wrote in message
...
On Tue, 8 Jul 2003 20:59:24 -0700, "Jonathan Ganz"
wrote this crap:

Craftsman are crap. Get some real tools.

What for? I don't do real work.




Ave Imperator Bush!
Bush Was Right! Four More Beers!

Do You Own a Yacht???
 

Are you serious? You mean you don't own the boat; Suzie does? So you really
don't have a
boat!

Documentation does not indicate ownership. Sorry.

RB

Do You Own a Yacht???
 

It certainly does. It indicates both physical ownership and managing
ownership. But you knew that since your boat is documented.
--
----
Steve
S/V Pony Express

"Bobsprit" wrote in message
...
Are you serious? You mean you don't own the boat; Suzie does? So you
really
don't have a
boat!

Documentation does not indicate ownership. Sorry.

RB

Do You Own a Yacht???
 

Are you stating that you lied on an official CG document?
--
----
Steve
S/V Pony Express

"Bobsprit" wrote in message
...
It certainly does. It indicates both physical ownership and managing
ownership. But you knew that since your boat is documented.

Not at all. You don't know the law. The original reciept and insurance and
operator papers indicate ownership. Documentation is NOT a title.
But there's a far better reason to put the documentation in my wife's
name.

Sorry.

RB

Do You Own a Yacht???
 

Are you stating that you lied on an official CG document?

I'm married. If my name was on the doc, my wife would also own the boat. We
have no prenup. In any case she actually paid for the boat, as I had paid for
the previous item....the car.

RB

Do You Own a Yacht???
 

The documentation should list *all* owners. So, you don't own a boat?
No prenup? How did you con her into that?
Have you ever seen the Cert. of Doc.? How about a pic of this Doc #
'plaque'. Is it legal?
--
----
Steve
S/V Pony Express

"Bobsprit" wrote in message
...
Are you stating that you lied on an official CG document?

I'm married. If my name was on the doc, my wife would also own the boat.
We
have no prenup. In any case she actually paid for the boat, as I had paid
for
the previous item....the car.

RB

Do You Own a Yacht???
 

The documentation should list *all* owners. So, you don't own a boat?
No prenup? How did you con her into that?

I did not want my name on paperwork that indicates me as "owner" of anything.


RB

Do You Own a Yacht???
 

So, if the plaque is removed, all that is left are two holes?
--
----
Steve
S/V Pony Express

"Bobsprit" wrote in message
...
How about a pic of this Doc #
'plaque'. Is it legal?

Sure, it's through bolted in the main cockpit locker. Took us a while to
find
it! Usually they're mounted beneath the salon berth.
I'll post the doc next week when I pick it up.

RB

Do You Own a Yacht???
 

The documentation is as close to a "title" is there is. If you sell a documented vessel,
that is the proof of ownership. The bill of sale, CG-1340, is filled out by the seller,
notarized, and sent in to the Vessel Documentation Center, along with the CG-1258. The
original BOS is retained and a copy is returned. If you document a new vessel you do not
end up with a bill of sale. Since your situation was different - the documentation had
lapsed - the state title has to be sent in.

http://www.uscg.mil/hq/g-m/vdoc/instr/instrex.doc

"Bobsprit" wrote in message
...
It certainly does. It indicates both physical ownership and managing
ownership. But you knew that since your boat is documented.

Not at all. You don't know the law. The original reciept and insurance and
operator papers indicate ownership. Documentation is NOT a title.
But there's a far better reason to put the documentation in my wife's name.

Sorry.

RB

Do You Own a Yacht???
 

o, if the plaque is removed, all that is left are two holes?
--

Actually, I have no idea of how the plaque his affixed.

RB

Do You Own a Yacht???
 

The documentation is as close to a "title" is there is. If you sell a
documented vessel,
that is the proof of ownership. The bill of sale, CG-1340, is filled out by the
seller,
notarized, and sent in to the Vessel Documentation Center, along with the
CG-1258.

Repeat after me! The doc is NOT a title. Notarized bill of sale is what's sent
to CG. In this case we had to also send our marriage certificate along with
notorized statement that I was the operator, which was also sent to the
Insurance co.
The marriage cert. was recquired because my name is on the bill of sale, but I
wanted hers on the doc. alone.

RB

Do You Own a Yacht???
 

Brush your teeth once in a while and the plaque
wil not be affixed.

Good grief, Neal. Not exactly biting humor.

RB

Do You Own a Yacht???
 

I don't know how the laws work in New York, but I think that the concept of "community
property" applies to divorce, but not necessarily liability, estate and other issues. If
Suzy was listed as the only owner on your CG-1258, she is the owner, not you. If you
tried to sell the boat, or even take it to another country, you would need her permission.

http://www.uscg.mil/hq/g-m/vdoc/forms/cg1258.pdf

-j


"Bobsprit" wrote in message
...
Are you stating that you lied on an official CG document?

I'm married. If my name was on the doc, my wife would also own the boat. We
have no prenup. In any case she actually paid for the boat, as I had paid for
the previous item....the car.

RB

Do You Own a Yacht???
 

So you don't have a title and you don't have a bill of sale. And your documentation
hasn't arrived. And your plaque is "though bolted."

I never said that documentation was a title, I said it was as close as you get. Since a
state title is not required, and you send in the Builder's Certificate and/or Bill of
Sale, the only real piece of paper you have is the Documentation. And that is accepted as
proof of ownership for virtually all situations.

You may think the you own the boat, but if Suzy's name is on the Documentation, she is the
owner.

And what does the insurance company have to do with this?


"Bobsprit" wrote in message
...
The documentation is as close to a "title" is there is. If you sell a
documented vessel,
that is the proof of ownership. The bill of sale, CG-1340, is filled out by the
seller,
notarized, and sent in to the Vessel Documentation Center, along with the
CG-1258.

Repeat after me! The doc is NOT a title. Notarized bill of sale is what's sent
to CG. In this case we had to also send our marriage certificate along with
notorized statement that I was the operator, which was also sent to the
Insurance co.
The marriage cert. was recquired because my name is on the bill of sale, but I
wanted hers on the doc. alone.

RB

Do You Own a Yacht???
 

In the case of a previously owned vessel, the applicant must present
bills of sale, or other evidence showing transfer of the vessel from
the person who last documented, titled, or registered the vessel, or

BUSTED by your own post, Billy! As I indicated, we presented reciept and
notorized proof of ownership to get the doc. Documentation does not supercede
that paperwork.
Sorry!!!

RB

Do You Own a Yacht???
 

I never said that documentation was a title, I said it was as close as you get.


A notorized bill of sale is as close as you can get. Also: A builders
file/order for a new boat, but that usually includes a title.

RB

Do You Own a Yacht???
 

And what does the insurance company have to do with this?

The insurance company acknowledges both of us as the owners. It was required
since I have safety certificates,

RB

Do You Own a Yacht???
 

I don't know how the laws work in New York, but I think that the concept of
"community
property" applies to divorce, but not necessarily liability, estate and other
issues.

You don't know the law here. If I get divorced, Suzanne would get probably
close to 75% of everything. Putting stuff in my name just makes no difference
and creates a tax profile that I don't need.
Do you know what a tax profile is? Do you know to keep yours subdued? If you
have a good accountant, he'd explain to you that you can save BIG by keeping
one profile small. As her estate is quite large, it made sense to stay in
keeping with that.
You definately need some legal advice if you think you "own" your boat! Unless
you had it before the marriage!

RB

Do You Own a Yacht???
 

I'll post the doc next week when I pick it up.

Post the number now. Enough with delays and lame excuses that don't
hold up under even light scrutiny.

I posted the # when we bought the boat. Can't you find it?
Why aren't you betting if you have a leg to stand on? With the little toy you
sail, 1K would be HUGE for you.

RB

Do You Own a Yacht???
 

K-Mart is better. I take batteries back to them regulary
that aren't even broken - just claim they won't charge
and they give you new ones. One need never have a
battery in one's yacht that is over a year old.


wrote in message ...
On Wed, 9 Jul 2003 07:43:15 -0400, "Jeff Morris"
jeffmo@NoSpam-sv-lokiDOTcom wrote:

The few times I've worn out or broken a Craftsman tool I've just taken it into a Sears and
asked for a new one - never had a hassle. If some other brand would give a lifetime
warranty that included theft (and didn't require a receipt!) I'd gladly switch.


I once took a screwdriver back to Sears that was BROKEN IN THREE
PIECES and they handed me a new one. It was clearly abuse, but they
just smiled and replaced it.

BB

-j


"Jonathan Ganz" wrote in message
...
Because ultimately crap cost you more. If you buy
quality, you only have to do that once.

"Horvath" wrote in message
...
On Tue, 8 Jul 2003 20:59:24 -0700, "Jonathan Ganz"
wrote this crap:

Craftsman are crap. Get some real tools.

What for? I don't do real work.




Ave Imperator Bush!
Bush Was Right! Four More Beers!

Do You Own a Yacht???
 

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

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".

Do You Own a Yacht???
 

Each person receives an exemption - it was $600,000 and is now $1,000,000. (It actually
ramps up to 3.5 mil, then drops back to 1 mil in 2011, I think.) If all the assets are
in one person's name, the other effectively waives this exemption. This blunder could cost
your heirs a million bucks or more.

However, I'm sure Suzzy's lawyers are feeding you this nonsense about "tax profiles" to
save her a bundle of money.


"Bobsprit" wrote in message
...
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

Do You Own a Yacht???
 

Craftsman are crap. Get some real tools.

A.J. Foyt uses them.


S/V Express 30 "Ringmaster"
Trains are a winter sport

Do You Own a Yacht???
 

The few times I've worn out or broken a Craftsman tool I've just taken it
into a Sears and
asked for a new one - never had a hassle. If some other brand would give a
lifetime
warranty that included theft (and didn't require a receipt!) I'd gladly
switch.

There are other lifetime warranty tools like Husky for example but you have to
ship them back to the factory. Stores that sell them don't satisfy warranty
claims. There's always Snap On but there a little pricy for the average home
owner plus it would probably be difficult to get the salesman to make your
house a regular stop in his truck.
S/V Express 30 "Ringmaster"
Trains are a winter sport

Do You Own a Yacht???
 

I once took a screwdriver back to Sears that was BROKEN IN THREE
PIECES and they handed me a new one. It was clearly abuse, but they
just smiled and replaced it.

I've returned a shovel. It's a hand tool!
S/V Express 30 "Ringmaster"
Trains are a winter sport

Do You Own a Yacht???
 

K-Mart is better. I take batteries back to them regulary
that aren't even broken - just claim they won't charge
and they give you new ones. One need never have a
battery in one's yacht that is over a year old.

So far the thread has been posts from honest people telling there stories.


S/V Express 30 "Ringmaster"
Trains are a winter sport

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

Do You Own a Yacht???
 

Jeff...that is all generally true, but do you really think it applies
to someone who spends all his time crowing about his stereo and the
boat his "wife" owns?:) Bob is hoping to crack the "five figure" net
worth barrier at some point. It is looking more and more apparent
that Bob has a rather checkered credit history. 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.

I really don't think "estate planning" was the reason that Suzzy
bought the boat and it is in her name, but in any event, it is nice
that Bob has a boat to sail on, even if it is not his:)

On Wed, 9 Jul 2003 10:27:14 -0400, "Jeff Morris"
jeffmo@NoSpam-sv-lokiDOTcom wrote:

Each person receives an exemption - it was $600,000 and is now $1,000,000. (It actually
ramps up to 3.5 mil, then drops back to 1 mil in 2011, I think.) If all the assets are
in one person's name, the other effectively waives this exemption. This blunder could cost
your heirs a million bucks or more.

However, I'm sure Suzzy's lawyers are feeding you this nonsense about "tax profiles" to
save her a bundle of money.


"Bobsprit" wrote in message
...
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

Do You Own a Yacht???
 

but in any event, it is nice
that Bob has a boat to sail on, even if it is not his:)

Yup...and a nicer one coming very soon!

RB

Do You Own a Yacht???
 

who told you that, Jon?


"Jonathan Ganz" wrote in message
...
Craftsman are crap. Get some real tools.

"Horvath" wrote in message
...
On 08 Jul 2003 04:23:50 GMT, (SAIL LOCO) wrote this
crap:

I forgot ....... I must own a Yacht. My boat was made by Express
Yachts.

And my tools are made by Craftsman. That makes me a real builder?





Ave Imperator Bush!
Bush Was Right! Four More Beers!

Do You Own a Yacht???
 

yes. Mine took about 3 months. And I think the MD. sticker is $10 for 2
years.


--
Scott Vernon
Plowville PA __/)__/)__

"SAIL LOCO" wrote in message
...
It doesn't take that long EVER.

Beg to differ. It took me almost a year when the Coast Guard was moving.
Are
they done moving?
S/V Express 30 "Ringmaster"
Trains are a winter sport

Do You Own a Yacht???
 

No you're not.

"Bobsprit" wrote
I'm married.

Do You Own a Yacht???
 

On 09 Jul 2003 14:47:09 GMT, (Bobsprit) wrote:

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

Oh, please. Nothing in the IRS is red flagged by the purchase of a
$20K boat. Further, an individual is not subjected to an "estate
audit". Estates are audited, but rarely, as most estates are not
taxable. You may well owe the IRS for back taxes, but I rather doubt
it is "estate related" as estate distributions are not taxable to the
recipients and the assets of the recipients aren't part of an "estate
audit". Unless you were the executor and attempted to screw the IRS
out of some of their "death taxes" that the democrats love so much,
you would have nothing to fear:)