How Do I List Jointly Owned Boats and Trailers? | NC

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Q: How do I list jointly owned boats and trailers on an estate inventory? A: Start with how each title was held on the date of death. The key is not who has the boat or trailer now, and not whether it was retitled later. The key is what the ownership records showed when the person died. If the decedent owned the whole boat or trailer, list it as a probate asset. If the decedent owned a share and…