Want a more luxurious way of life – but lack of millions of dollars in cash to finance this? You’ve worked hard and done well, but the corporate jet, the yacht and the shore house 4 million U.S. dollars out of reach for now.

The fractional ownership may be the answer to your dilemma! With fractional ownership, a high asset prices (jet, yacht, vacation home, classic car) is owned in partnership with several others, each owns a percentage share of assets and defines the rights and privileges their use. The management company provides the continuity and organization to allow share owners free access problems and predictable for good.

This concept works well with many types of assets that can be used regularly. As an example, second homes are occupied by their owners, 2 to 4 weeks per year on average. If you have visited a marina, lately, he has observed that most of the strips are occupied by ships – ie not in use. Corporate jets sit idle until travel is required by the executive.

Fractional ownership gives the owner a share, reliable access to luxury assets that you want or need, but are not willing to pay for 365 days a year. And because you are part of a group of owners, all maintenance, management, maintenance and repair costs, taxes and insurance are shared among the group. The company offers content management for use by owners and is responsible for routine maintenance, accounting and repairs.

In summary: what you want, whenever you want – without the headaches, expense and responsibility of individual property altogether.

Fractional Ownership is being used more and more for ultra-luxury items. Many companies selling fractional shares of corporate jets (flexjet.com, netjets.com) turboprop aircraft (avantair.com) and helicopters (heliflite.com, sikorskyshares.com).

Fractional ownership of luxury boats and yachts – both power and sail – is widespread. Companies like monocleyachts.com, eusamarine.com and provide seanetco.com fractional ownership of yachts in the east and west coasts, the Caribbean and the Mediterranean.

Sale of cars like the Lamborghini Murcielago, Lamborghini Gallardo, Rolls Royce Phantom, Bentley Continental GTC, Aston Martin Vanquish S, high-end Porsche and Ferrari 360 Spider are accessible through fractional ownership, with companies like extremecarshare.com, curvyroad. com, and clubsportiva.com. Fractional Shareholders in these clubs might decide on a membership that allows the possession of his deputies from different cars in the fleet, not just owning a fractional part of a classic car.

RVs are another category of luxury item that is often more than episodic use, so it gives the fractional ownership wisdom here as well. Both coachshare.com and sharerv. com offer fractional shares of luxury coaches from Monaco.

Racehorses have long been owned by the unions – groups of owners coming together to spread the expense and risk. Associate unions were often friends or partners who know each other and privately created the union. Now, the fractional ownership models are coming into use. In Britain, the 2005 Vodafone Derby winner made history in the racing world: Motivator, the winning horse, a breeder outside of super-rich or a famous person, but by a syndicate of 230 people from the business classes.

The idea of fractional ownership creatively expanded in many areas. Wine Estate Capital Management offers fractional ownership of vineyards in France and South Africa. Many find it valuable art doners to donate a fractional part of his art to the museum of their choice, thereby ensuring continued enjoyment of the museum of his collection to a portion of each year.

Luxury handbags are now available for fractional ownership, so if you want to diversify your collection without having to buy them all, their dilemma is resolved. Shouldercandy.com offers Chloe handbags, Balenciaga, Louis Vuitton, Prada, Burberry, Marc Jacobs, Chanel and more.

The most widespread use of the idea of fractional ownership, however, is in the field of holiday home. Due to the growing appeal of fractional ownership vacation home and the added challenge of dealing with real estate, this topic will be a future article.