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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 |
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