Shanti
newbie
Reged: 10/29/11
Posts: 36
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Re: Alimony and a Yacht
10/30/11 03:10 PM
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This is what is written in the agreement that he wants me to sign:
Interests to be held jointly: The parties agree that the 2005 Motoryacht shall be held jointly by the parties until further court order or written agreement of the parties. The debt associated with the Motoryacht is more than the fair market value for he Motoryacht. Husband shall continue to make the payments on the Motoryacht and enjoy the exclusive use and possession of the Motoryacht and pay all slip fees associated with the Motoryacht, until such time that the debt can be renegotiated with the bank resulting in minimal payment from the parties joint and/or community resources. The court shall continue to retain jurisdiction over this asset and associated debt, which the parties are unable to resolve due to the amount that remains owing above and beyond the fair market value of the property.
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