Boat Capsizes: Woman swims ashore but man, 72, dies.

[rgranger]

There was a lot that I could not understand (normal condition for me). There is this picture of a police boat towing the boat

but the article says the boat is still awash on shore.

Here is a pic from a video found in the second link

So here is an interesting legal question. What happens to a boat that washes on shore and is salvaged by the local authorities? The owner is now dead. If he had a will is the boat the property of the beneficiary? If he didn't have a will then is the boat the property of the municipality that salvaged the boat?

I have an image of this nice boat, sitting tied up to a city dock for the next 15 years until it is beat half to death by time, weather and waves.

 

[Head Sail]

So here is an interesting legal question. What happens to a boat that washes on shore and is salvaged by the local authorities? The owner is now dead. If he had a will is the boat the property of the beneficiary? If he didn't have a will then is the boat the property of the municipality that salvaged the boat?

I have an image of this nice boat, sitting tied up to a city dock for the next 15 years until it is beat half to death by time, weather and waves.

Unless it is abandoned on the high seas, the boat belongs to his estate regardless if there is a will or not. Once an administrator or executor of the will is named or appointed, they will take possession of the boat.

 

[jssailem]

This happened in Australia and they have similar but different rules. Which include:

To get access to property you may need:

• a letter from a solicitor advising that the person is deceased
• in the case of a missing person presumed deceased, a 'Presumption of Death Order' issued by the Supreme Court (original or copy).

While there is no inheritance tax. They get their piece of the pie through a Capital Gains Tax “CGT”. Rates range from 19% to 45% based on income of 18000 to 180000.

Specific CGT rules
An individual’s death and the subsequent passing of his or her assets to his or her beneficiaries constitute as disposal of an asset and is subject to CGT.

Beware of the tax man!!! He come to take ye boat away.