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Old 05-25-2015, 04:16 PM   #9
Bay Pelican
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City: Chicago, IL
Vessel Name: Bay Pelican
Vessel Model: Krogen 42
Join Date: Oct 2007
Posts: 2,993
The words "estate" and "Trust" in the same paragraph leads me to ask are you talking about a living trust/declaration of trust? These are just pass through entities that are ignored for all purposes other than probate, basically you still own the property but in the event of your death it does not require probate to transfer.

Within the United States and likely Canada the trust ownership will be ignored. Where you might run into some difficulty is in a backwater port outside the US where the official can't figure it out.

General comment, it is good planning that if you are single to have your assets in a trust to avoid probate. Especially if the boat is registered/documented in a state other than your state of residence.

Although remember, the payment of legal fees is the highest and best use of funds.
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