Bobsprit has 2 Boats!
 

Ahhhh yes! By contract, the 34XL is now mine. Still, she'll be registered in my
father's name!

RB

Bobsprit has 2 Boats!
 

Funny ......... the only reason someone would put everything they buy in other
people's names is creditors must be after him or he thinks there is a good
chance he will be sued one day because his "business" is a scam. Boob****
what's your reason?
S/V Express 30 "Ringmaster"
Trains are a winter sport

Bobsprit has 2 Boats!
 

Funny ......... the only reason someone would put everything they buy in other
people's names is creditors must be after him or he thinks there is a good

Could Loco be this ignorant? There are many reasons why we put the boat in her
name, none of which had anything to do with credit.

RB

Bobsprit has 2 Boats!
 

Yeah, Suzanne is the sole owner of the boat, so it makes sense that it is in
her
name only. Just how ignorant can you be, Loco?

No sole ownership of properties acquired during a marriage. Buying a house in
my name won't make it so. Same for a car or a boat. Wish it were different.

RB

Bobsprit has 2 Boats!
 

Funny ......... the only reason someone would put everything they buy in
other
people's names is creditors must be after him or he thinks there is a good
chance he will be sued one day because his "business" is a scam. Boob****
what's your reason?
S/V Express 30 "Ringmaster"
Trains are a winter sport

No actually it's because smart businessmen realise that things can go
wrong over which you have no control and that with liability and
litigation the way it is today, it's smart to protect your assets.


They do that by incorporating, dimwit.

That's right. There is no viable asset protection scheme that involves putting
your assets in another individual's name.

Bobsprit has 2 Boats!
 

And they incorporate for what reason?

Damn, I forgot, you're a Bushie and brain dead!

Don't backpedal, Alfie. You backed up Bob's strategy of putting assets in his
wife's name as asset protection. That CG ID doesn't list any corporation.

Bobsprit has 2 Boats!
 

That's right. There is no viable asset protection scheme that involves putting
your assets in another individual's name.

Insurance issues.

RB

Bobsprit has 2 Boats!
 

That's right. There is no viable asset protection scheme that involves
putting
your assets in another individual's name.

Really?
Here it's quite legal to place assets in another name providing the
appropriate taxes are paid during the transfer.

Sure, Alfie, you can do that anywhere, but why would you want to? You've
already paid the taxes and the other person can make off with the assets. If
you retain enough control the transfer will be disregarded. Try again, boy.

Bobsprit has 2 Boats!
 

And they incorporate for what reason?

Damn, I forgot, you're a Bushie and brain dead!

Don't backpedal, Alfie. You backed up Bob's strategy of putting assets in
his
wife's name as asset protection. That CG ID doesn't list any corporation.

You do have difficulty following along don't you?

That the best you can do? Damn, I thought you were better.

Bobsprit has 2 Boats!
 

Could Loco be this ignorant? There are many reasons why we put the boat in
her
name, none of which had anything to do with credit.

I never said anything about that one. I only commented after you posted you'll
be puting the "new" boat in daddy's name.
S/V Express 30 "Ringmaster"
Trains are a winter sport

Bobsprit has 2 Boats!
 

No sole ownership of properties acquired during a marriage. Buying a house
in my name won't make it so. Same for a car or a boat. Wish it were
different.

Wrong again dimwit. Check with your insurance co. It's well known that
married couples who own 2 cars should put them in each other's names instead of
co-ownership. If a car that's owned by both is in an accident the other party
can sue both and win the house. Can't happen if the car is only in one of the
married couples names.
S/V Express 30 "Ringmaster"
Trains are a winter sport

Bobsprit has 2 Boats!
 

Wrong again dimwit. Check with your insurance co. It's well known that
married couples who own 2 cars should put them in each other's names instead of
co-ownership.

Can't keep track can you, Loco? I already said the boat in her name had to do
with insurance.

RB

Bobsprit has 2 Boats!
 

I only commented after you posted you'll
be puting the "new" boat in daddy's name.

Yup. Indeed. And for good reason.

RB

Bobsprit has 2 Boats!
 

You've
already paid the taxes and the other person can make off with the assets. If
you retain enough control the transfer will be disregarded. Try again, boy.

Skitchy, please explain how my wife "can make off" with the boat. Our agreement
specifically lists any items brought into our marriage as co-owned. So let me
know...maybe I can make off with her new jewelry!

RB

Bobsprit has 2 Boats!
 

BFD. Does doing this protect said assets from creditors? Generally not,
though there is a loophole..... as Bondy knew. I believe Ritchie Rich
used a variant of it recently as well, but his might come unstuck.

PDW

In article , Capetanios Oz
wrote:

On 13 Nov 2003 01:00:45 GMT, (SkitchNYC) wrote:

That's right. There is no viable asset protection scheme that involves
putting
your assets in another individual's name.

Really?
Here it's quite legal to place assets in another name providing the
appropriate taxes are paid during the transfer.


Oz1...of the 3 twins.

I welcome you to crackerbox palace,We've been expecting you.

Bobsprit has 2 Boats!
 

That's right. There is no viable asset protection scheme that involves
putting
your assets in another individual's name.

Really?
Here it's quite legal to place assets in another name providing the
appropriate taxes are paid during the transfer.

Sure, Alfie, you can do that anywhere, but why would you want to? You've
already paid the taxes and the other person can make off with the assets.
If
you retain enough control the transfer will be disregarded. Try again, boy.

Try again? Why?
I'm happy with my arrangements and I believe Bubbles is with his.
My boats are owned by companies that pay me, my cars are company
owned, my home is owned by my wife,the real estate..company, hell even
my share portfolio is owned by my investment company, they all pay me
a wage and I get directors benefits.
Good deal and no-one can take off with anything..except my wife and
she's not looking to that.
Come to think of it, I don't actually own much more than the clothes
in my wardrobe and the money in my pocket.
Try agai...nah, don't think so!

Bwahahahahaha OK, joker. Your investment company pays you a wage? What a
laugh. You better try again, cause that ain't gonna work. And pray tell, why
the home is in the name of your "wife the real estate . . .company" whatever
that is. Look, even if you had this setup (which you do not), it would be
about the most ass-backwards way to hold assets, particularly income-producing
ones as you describe them. It is certainly the case in the US, and according
to my AAR friends it is in Oz also. And, to top it off, you still haven't
explained why you or Boobs could gain any advantage by having an individual
(like a wife) hold assets. Please get back to the question at hand (but thanks
for the laugh anyway).

Bobsprit has 2 Boats!
 

You've
already paid the taxes and the other person can make off with the assets. If
you retain enough control the transfer will be disregarded. Try again,
boy.

Skitchy, please explain how my wife "can make off" with the boat. Our
agreement
specifically lists any items brought into our marriage as co-owned.

This is the non-prenup, pre-nup (actually sounds like the opposite of one -
weird)? Methinks you got bad advice, my friend. What benefit are you getting
from this arrangment? Be honest with me, and I'll help you. If you have an
agreement that provides that despite her having title you co-own things, then
the agreement removes the benefit of not owning it - you own it. On top of
that, the agreement may not be enforceable - leaving you high and dry. Just
don't get divorced, or fix it first.

Bobsprit has 2 Boats!
 

On top of
that, the agreement may not be enforceable - leaving you high and dry. Just
don't get divorced, or fix it first.

Our marriage agreement is quite standard and it was well researched. It
overides titles, deeds and even "gifts." The boat and the next boat are not in
my name due to insurance issues that are specific to me.If we ever divorced I
wouldn't want this boat...or the next one anyway.

RB

Bobsprit has 2 Boats!
 

Bwahahahahaha OK, joker. Your investment company pays you a wage? What a
laugh. You better try again, cause that ain't gonna work.

Skitchy....seems to me that it IS working. Why are you so frustrated when
others have found a viable system, even if unconventional?

RB

Bobsprit has 2 Boats!
 

why you or Boobs could gain any advantage by having an individual
(like a wife) hold assets. Please get back to the question at hand (but thanks
for the laugh anyway).

In my case it had to do with insurance. Taxes were a minimal factor. In the
case of the 34XL, it's about financing. My father's credit union is 0% interest
along with other nice terms.

RB

Bobsprit has 2 Boats!
 

That the health thing you mentioned a while back?

My nephew is in a similar boat.

Exactly. I have a health problem that makes me quite ill perhaps two weeks out
of each year. It effected my liability insurance 9 years ago and is still
causing me grief when it comes to insuring any vehicle. Strangely, I'm listed
as "operator" on our yacht insurance policy and even got a discount with my
Sailing Safety certificate.
There were other reasons for registering the boat to Suzanne of course. We
secured a luxury loan for her, then repaid it...making her credit score
perfect. I already have two luxury loans repaid. At the time we bought Alien,
our finances were still quite seperate.

RB

Bobsprit has 2 Boats!
 

case of the 34XL, it's about financing. My father's credit union is 0%
interest
along with other nice terms.

RB

0% now that's attractive! :-)

Yep. Credit unions are fantastic for boat buying.

RB

Bobsprit has 2 Boats!
 

If it all falls down I am not personally liable providing I have not
breached my duties as a director. ie trading when insolvent.
Good eh?

Without knowing the specifics, Skitchy is ****ing into the wind suggesting any
part of your situation is not "proper."
It's frustration on his part, plane and simple. There are some people in this
world who are driven mad by the happiness of others. Neal, Skitchy, Binary Jane
and Scotty are clear examples.

RB

Bobsprit has 2 Boats!
 

our finances were still quite seperate.

RB

OK, that's what I assumed all along.


Wasn't hard to figure out.

RB

Bobsprit has 2 Boats!
 

If you own the credit union.
Their rates are good here but they do have to make money :-)

Depends what your status is. retirees can do quite well with smaller loans if
they are long standing members.

RB

Bobsprit has 2 Boats!
 

Awww now you're trolling.


"Now?"


RB

Bobsprit has 2 Boats!
 

Yeah, but I've got your phone number tucked away somewhere from when
you were selling the Crown Vic.


Now that's a car I miss. Nothing like an ex-cop car to get around town. I
wanted another one, but Suzanne thought it was too big.

RB

Bobsprit has 2 Boats!
 

Bobsprit wrote:

Ahhhh yes! By contract, the 34XL is now mine. Still, she'll be registered in my
father's name!

Then she's not legally yours, she belongs to your father.

My uncle sold cars his under-age son had bought and paid for whenever he
needed money for booze.

Bobsprit has 2 Boats!
 

Ahhhh yes! By contract, the 34XL is now mine. Still, she'll be registered in
my
father's name!

Then she's not legally yours, she belongs to your father.

Uh, so what? Who cares? How does this effect me?
How does it effect you?

Bwahahahaha!

RB

Bobsprit has 2 Boats!
 

'Effect' is not a verb.

For a writer you're not too bright. Could it
be I caught you lying again?

'Affect' is the verb. 'Effect' is the noun.

Good Lord!

S.Simon


"Bobsprit" wrote in message ...
Ahhhh yes! By contract, the 34XL is now mine. Still, she'll be registered in
my
father's name!

Then she's not legally yours, she belongs to your father.

Uh, so what? Who cares? How does this effect me?
How does it effect you?

Bwahahahaha!

RB

Bobsprit has 2 Boats!
 

'Effect' is not a verb.

For a writer you're not too bright. Could it
be I caught you lying again?

This is your comeback? Good lord is right.

RB

Bobsprit has 2 Boats!
 

Bobsprit wrote:

Ahhhh yes! By contract, the 34XL is now mine. Still, she'll be registered in my
father's name!

Then she's not legally yours, she belongs to your father.

Uh, so what? Who cares? How does this effect me?

That's what my cousin said ... before his father sold "his" car. (c:

Bobsprit has 2 Boats!
 

Uh, so what? Who cares? How does this effect me?

That's what my cousin said ... before his father sold "his" car. (c:


Too bad for your cousin. Glad I'm not him. My father and I are quite close.
I learned long ago that no one "owns" anything. It's all so silly. You're on
this planet for the wink of an eye. You own nothing. We're all renters here and
I "rent" better than most!

Bwahahahahaha!

RB

Bobsprit has 2 Boats!
 

"Bobsprit" wrote in message ...

this planet for the wink of an eye. You own nothing. We're all renters here and
I "rent" better than most!

Bwahahahahaha!


Rent THIS:

Bwahahahahahah!

S.Simon

Bobsprit has 2 Boats!
 

In my case it had to do with insurance. Taxes were a minimal factor. In the
case of the 34XL, it's about financing. My father's credit union is 0% interest
along with other nice terms.

I would say that's a great credit union. Credit unions are made up of
"members" Most credit unions keep the doors open by making money on loans to
members to pay interest to it's savings account members. 0%interest deals are
only available at retail when for example an electronics manufacture or a
automobile manufacture is available to buy down the interest. Tell us Boob****
who buys down the interest in your daddy's credit union?
S/V Express 30 "Ringmaster"
Trains are a winter sport

Bobsprit has 2 Boats!
 

If we ever divorced I
wouldn't want this boat...or the next one anyway.

Read: I don't know how to sail.


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

Bobsprit has 2 Boats!
 

I have a health problem that makes me quite ill perhaps two weeks out
of each year. It effected my liability insurance 9 years ago and is still
causing me grief when it comes to insuring any vehicle..

Didn't this dipwad always post that he's in perfect health?


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

Bobsprit has 2 Boats!
 

My father's credit union is 0% interest
along with other nice terms.

Daddy's credit union is in the matrix.


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

Bobsprit has 2 Boats!
 

0%interest deals are
only available at retail when for example an electronics manufacture or a
automobile manufacture is available to buy down the interest. Tell us Boob****
who buys down the interest in your daddy's credit union?

I have no idea. I only know my father's standing within the union is excellent
and he's arranging the loan at 0% for 7 years. We are making a large
downpayment and will end up paying off the whole boat in 24 months.

RB

Bobsprit has 2 Boats!
 

I have a health problem that makes me quite ill perhaps two weeks out
of each year. It effected my liability insurance 9 years ago and is still
causing me grief when it comes to insuring any vehicle..

Didn't this dipwad always post that he's in perfect health?

My health is excellent.

RB