NYSail the above posts will work well for a stripe, but found it takes much more work to get 30 year old name off, tape letters yes, but years of sun on all the hull except for under the lettering ... well, I gave up and had the transom regelled, then the new name (and picture), and I think it was worth the cost. Look around at boats and you can still easily tell most that have been renamed.
Bob
Bob