Cruisers Forum

Join CruisersForum Today

Thread Tools Rate Thread Display Modes
Old 05-11-2012, 06:02   #31
carstenb's Avatar

Cruisers Forum Supporter

Join Date: May 2012
Location: Copenhagen
Boat: Jeanneau Sun Fast 40.3
Posts: 5,003
Images: 1
Re: Putting Boat into LLC or Trust

Slightly off subject, but have any of you given any thought to what would happen to your partner if you died while sailing off-shore? If you are listed as the captain, your partner might not be allowed to leave with the boat. Since your partner is not the captain.

WE carry a notarized statement which says that in case of my (I happen to be listed as captain) incapacitation or death or being missing (say fall overboard) then my wife automatically becomes master of the vessel with all the rights and privileges accorded that position, including, but not limited to: sailing the vessel to any port of her choice, transport of the vessel by third party, sale of vessel.

Think about it


I must go down to the seas again, to the lonely sea and the sky,
And all I ask is a tall ship and a star to steer her by
carstenb is offline   Reply With Quote
Old 05-11-2012, 08:09   #32
Senior Cruiser

Cruisers Forum Supporter

Join Date: Mar 2006
Posts: 1,594
Re: Putting Boat into LLC or Trust

Everything my wife and I own is in our trust, EXCEPT Seraph...No particular reason other than govt hassle to do so.

My advise is to be 100% sure that you carry a copy of page 1 of your trust. It defines who are the owners of the trust. And know the trust name EXACTLY..


Cape Dory 25D Seraph
rtbates is offline   Reply With Quote

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Questions About Putting a Boat Into Charter . . . Rich_Maler Dollars & Cents 27 07-03-2012 19:29
How much do you trust the weatherman? BBWolf The Sailor's Confessional 29 10-02-2008 16:14
Putting New Zincs on a Steel Boat - How to do it? ssullivan Construction, Maintenance & Refit 9 11-08-2007 18:47
Montana LLC, can you really avoid sales/use tax judybuddy Rules of the Road, Regulations & Red Tape 19 15-01-2007 16:41

Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 01:24.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.