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Started By
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Act of donation for a boat questions...
Posted on 3/24/15 at 8:24 am
Posted on 3/24/15 at 8:24 am
Quick background... FIL passed away, MIL finally got her name on the boat/trailer. She gave me the boat. Her residence is MS, I live here. She wants to do an act of donation to me. Can we do that across state lines? Or does anyone know the process?
Posted on 3/24/15 at 8:50 am to HebertFest08
how about a bill of sale for 1 dollar?
Posted on 3/24/15 at 9:14 am to HebertFest08
LINK
Trailer must be registered with DMV. Boat and motor with LDWF.
decedent transfer
Trailer must be registered with DMV. Boat and motor with LDWF.
decedent transfer
This post was edited on 3/24/15 at 9:35 am
Posted on 3/24/15 at 9:19 am to Chris4x4gill2
I'm good with that also... Didn't know what was the best way. Forgot to mention that in the OP.
Posted on 3/24/15 at 9:28 am to HebertFest08
Yeah.. probably easier to sell it for a dollar. Louisiana considers a sale between private parties (no dealer) as a "casual" purchase and no taxes are due on the value of the boat or amount of sale either. It's a pain in the azz to deal with going to Baton Rouge to Register it though and you have to get your local parish stamps first. Make sure you get the trailer VIN info on the bill of sale too for the Office of Motor Vehicles. I believe you will pay taxes on the sale price or value of the trailer.
Posted on 3/24/15 at 9:40 am to Mung
quote:
decedent transfer
If I read the OP right, the boat and trailer are titled in another state so wouldn't he need to transfer the boat and trailer into his name in Mississippi using their decedent transfer docs and then move it to Louisiana registration? Not sure that you can do the Louisiana decedent transfer of boats and trailers titled in another state.
(But I have never dealt with that situation before)
Posted on 3/24/15 at 9:43 am to TigerDeacon
His MIL gave him the boat but it's probably easier to legally sell it to him.
Posted on 3/24/15 at 9:44 am to HebertFest08
Dad passed away in 2009. Mom signed the title to his Chevrolet over to me..had it notarized. I took it to Alabama DMV and had it put in my name (new title issued in Al)...New tags. Voila done.
Pained me a lot to take those Purple Heart La tags off that truck. Dad was so proud of never having to ever pay for tags again. I still have that tag...probably never get rid of it.
Pained me a lot to take those Purple Heart La tags off that truck. Dad was so proud of never having to ever pay for tags again. I still have that tag...probably never get rid of it.
Posted on 3/24/15 at 9:54 am to TigerDeacon
yeah, could be a cluster. i always do the boat and motor transfer separately from the trailer, b/c DMV may tax the trailer. A donation in MS should be effective here, but I am not licensed in MS, so do not know their inheritance laws. Prolly same as or similar to ours.
Posted on 3/24/15 at 10:01 am to Mung
Mung...
You thinking that it's better to do a donation in MS? I'm heading back this weekend is why I'm asking.
She just got everything registered with MS all in her name, I have the boat I just don't want something to happen and she be liable due to insurance purposes. So, I'm trying to get this done before fishing starts rolling along.
You thinking that it's better to do a donation in MS? I'm heading back this weekend is why I'm asking.
She just got everything registered with MS all in her name, I have the boat I just don't want something to happen and she be liable due to insurance purposes. So, I'm trying to get this done before fishing starts rolling along.
Posted on 3/25/15 at 9:46 am to HebertFest08
A. Sure
B. She isn't liable if you kill someone with her boat. However, you need to get it donated to get it insured.
B. She isn't liable if you kill someone with her boat. However, you need to get it donated to get it insured.
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