Joint Boat Ownership Opinion

[chris196]

as chris 196 said get everything typed up buy a lawer could save you strife later

actually that's not what I was trying to say. Like I said before I've done this on 2 different boats with 3 different people. I've never had a written agreement, but I trusted the people. My point was the person was more important than the piece of paper.

I think what Hollywood said is good advice also. It's kind of what I was saying at first when I said you can't be too uptight about it. Given how expensive nautiques are and how most people are particular about them, I think it makes a nautique partnership harder.
If it's a mastercraft or malibu, then no problem :grin:

[MikeC]

You can actually find legal forms for partnerships online. Search under airplane partnerships, this is one of the most common ways to own a light airplane. You want to make sure that the boat is registered as joint ownership with both of your names on the registration. If you pay him to share his boat and his wife decides to sell the boat or they get a divorce, it's considered her property and she can do with it as she pleases. The best option is to register it as a legal partnership.

Good Luck