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  #21  
Old 08-31-2011
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check your state laws on commanlaw, you may not have a paper that says your married but if you are considered commanlaw then it's mute as the law already sees you as married. and division of assests are done like a grumpy married couple getting divorced.

The fact that you question it already states you are worried, so donot put your cash in at all, have hime cover thhe costs as it will be is boat. Buy your own groceries when you over night and your good to go
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  #22  
Old 08-31-2011
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This could almost be a litmus test for a relationship, no? Don't get involved with someone who has the kind of mean streak that makes you think s/he would make a breakup ugly instead of civil. Assuming that test has been passed, it seems straightforward to title it in both names and set up a contract, tracking how much money each of you has put into the initial purchase, and the ongoing maintenance, and if necessary to sell, divide the assets in proportion to how much money was put in. Also design a way to account for the value of work you do yourself - how much would it cost to pay someone to scrape the varnish?
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Old 09-02-2011
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I just went through this, the ex GF bought the boat.

We broke-up and it was civil.

but...


Somehow all the money and time I spent on upgrades or slip and boat payments amounts to exactly nada.

OTOH, she spent a lot of time and energy on my house as well, and I kept that so I guess it all worked out.

Not to mention the fact that I was actually kinda emotionally attached to the boat.

It's definitely better to define very clearly up front who-pays for what.
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  #24  
Old 09-29-2011
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Sorry, but I agree with Minnewaska !!
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Old 10-03-2011
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In Canada when you federally register a boat you get to name the owner(s) and how many of the 64 shares each owns. The split can be anything. Is there no such thing in the US?
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Old 10-03-2011
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Quote:
Originally Posted by Bussy View Post
In Canada when you federally register a boat you get to name the owner(s) and how many of the 64 shares each owns. The split can be anything. Is there no such thing in the US?
No, you'd have to draw up a partnership agreement and then that contract would be the point of contention in any court litigation.
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Old 10-04-2011
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The dialog here is curious as the original poster specifically asked for advice on the law. One of the posters, who is a sailor and works at a law office and apparently is a participant in a shared ownership agreement is attacked for practicing law or advertising on this blog. He was just trying to help. To exclude opinions on the law from this blog would be like excluding opinions on engine repair or sail trim. For better or worse, the law is part of sailing. Anyway, my two cents for the original poster is that at the least she and her mate hold title jointly in the boat. If they want to keep better track of the pennies and sweat and the implications of a break up, they can do an agreement - with the understanding that agreements get broken and challenged and don't always guarantee a smooth division. Good luck to the couple involved. Have fun.
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Old 10-04-2011
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see this story for a 'worst case' scenario Pacific Northwest Boating News: After rescue at sea, wife left to pick up the pieces of a broken dream | Three Sheets Northwest
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