My current wife and her deceased husband purchased a expensive boat prior to his passing and when he died my wife defaulted on the loan due to her inability to pay the monthly notes. Sometime in the last couple of years the bank stopped attempting to collect this money and never has taken physical possession of the boat. This has never had an effect on her credit rating and the boat is still in our possession. What path do you think we should take to get this from hanging over our head? Please advise.