|Topic Review (Newest First)|
|10-29-2007 12:15 AM|
A trust is also a legal entity and the state cannot refuse to title under the name of a trust. It may be a hassle--they might ask for a copy of the delaration of trust or a summary of it. Some marinas or municipalities will only rent a slip to vessels registered to an individual, so as to preclude transfer without their okay.
The typical legal title would be (name of trustee), trustee of the (name of trust) under declaration of trust dated (date)
It might be easier to register as an llc owned by the trust.
|10-28-2007 11:51 PM|
|sailingdog||If the trust is incorporated, you shouldn't have any problems... since a corporation is a legal entity. If it is just a trust... that would require talking to the state agency and a lawyer most likely.|
|10-28-2007 10:00 PM|
|Freesail99||I suggest you call the state agency that registers boats in your state tomorrow and ask them. What can and can't be one will differ among the states.|
|10-28-2007 09:53 PM|
Titling and registering a boat
I’m sure I can but does anyone know if I can tile, register, insure, and whatever else I need to do for a boat under a trust – I do so in real estate so I figure I should be able to but when I did web search about it, it was getting confusing, so I figured I just ask –