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Bobsprit
 
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Default 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


 
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