3 ms·
Mostly these very large purchases, such as extra large boats, would be done through trusts, companies and combinations of the two, and in various jurisdictions.
by lancewiggs 8y ago
Mostly these very large purchases, such as extra large boats, would be done through trusts, companies and combinations of the two, and in various jurisdictions.
And when it comes to making payment the individual would most likely simply instruct their family office or private banker to make it happen, and assume it would be done in a way that is tax efficient, opaque to outsiders and, hopefully, legal.