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would you "Trust" your yacht?

Posted: Mon Jul 03, 2017 10:41 pm
by Craig
I'm doing some retirement planning, and my lawyer has suggested setting up a Trust for my Estate. When I mentioned I would be swapping my sailboat for a trawler soon, he suggested letting the Trust be the owner of the boat. Has anyone else done this? Are there implications for things like insurance and leasing a marina slip?