Co-owners on registration and one owner (father) :-( passes away?

[Rally]

Unfortunately my father passed away this last weekend from a long drawn out illness. Its sucks but hopefully maybe one of these days I'll be half the husband and father he was. Some of my first memories were letting me fly a C-152 when I was 5 years old . Anyways to the question, he was married to my mother who is still alive. Both him and I are on both our C-172 and C-170 registrations as owners. How exactly does this work? Obviously my mother technically owns half of the planes correct? What do I have to do to legally transfer them totally into my name? This one of the hardest parts of his passing getting all the legal and financial stuff in order. Luckily they were pretty well off.

 

[FN FAL]

Unfortunately my father passed away this last weekend from a long drawn out illness. Its sucks but hopefully maybe one of these days I'll be half the husband and father he was. Some of my first memories were letting me fly a C-152 when I was 5 years old . Anyways to the question, he was married to my mother who is still alive. Both him and I are on both our C-172 and C-170 registrations as owners. How exactly does this work? Obviously my mother technically owns half of the planes correct? What do I have to do to legally transfer them totally into my name? This one of the hardest parts of his passing getting all the legal and financial stuff in order. Luckily they were pretty well off.

You do what most civilized people do...

1. Buy your partner out.

2. Sell your partner your share.

3. Put the plane up for sale and split the proceeds based on percentage of ownership.

No disrespect to you or your family, but your mom has the same ownership rights to that share that your dad owned and any squabbling is only going to ruin the rest of the life you have to share with your mother.

 

[Rally]

Thanks for the info but you jumped to conclusions a little bit. (not a family despute) My mom could care less, about the financials of it all. We are just going to settle down and get alot of the financial/legal stuff out of the way the next few weeks. It was'nt a question about a family squable my question was more from the point of view that she is not on the registration. Do we have to contact the FAA with a lawyer that she is now in charge of his estate. One of the reasons for clearing it up is to avoid any any liability risk to the estate that is not nessasary) How does this work ?

 

[FN FAL]

Thanks for the info but you jumped to conclusions a little bit. (not a family despute) My mom could care less, about the financials of it all. We are just going to settle down and get alot of the financial/legal stuff out of the way the next few weeks. It was'nt a question about a family squable my question was more from the point of view that she is not on the registration. Do we have to contact the FAA with a lawyer that she is now in charge of his estate. One of the reasons for clearing it up is to avoid any any liability risk to the estate that is not nessasary) How does this work ?

http://forms.faa.gov/forms/ac8050-2.pdf

 

[wolf]

what kind of will did he have?

Was it a trust w/your mom as co-trustee?

 

[midlifeflyer]

http://forms.faa.gov/forms/ac8050-2.pdf

That's the form.

Here are the instructions, which include how an estate signs one.

http://www.faa.gov/licenses_certificates/aircraft_certification/aircraft_registry/media/8050-94.pdf

The lawyer handling the estate should be able to figure out what to do with no problem if it's gobbledygook to you. If not, try an AOPA Legal Service Panel lawyer.

Sorry for your loss. I know it's never easy.

 

[needa medical]

My condolences to you and your family on the loss of your father. I am a father and my son is an fo for a major carrier and I remember well when he was training. Actually he is the one that got me flying but as my name implies the FAA is reluctanct to give a heart patient a medical.
On a home ownership it is usually registered as joint tenants with rights of survivorship. This means that both registrants own 100% of the home. When one passes away then the other owns it lock stock and barrell. This also does not have to go through probate. I would expect the ownership of an aircraft is similiar...if the two of you were listed as owners with rights of survivorship then you own it completely now. Again...my condolences. Needa Medical

 

[tracearabians]

Buy your fathers half from your mother. Send in the change and get a new registration and airworthiness.

Unfortunately my father passed away this last weekend from a long drawn out illness. Its sucks but hopefully maybe one of these days I'll be half the husband and father he was. Some of my first memories were letting me fly a C-152 when I was 5 years old . Anyways to the question, he was married to my mother who is still alive. Both him and I are on both our C-172 and C-170 registrations as owners. How exactly does this work? Obviously my mother technically owns half of the planes correct? What do I have to do to legally transfer them totally into my name? This one of the hardest parts of his passing getting all the legal and financial stuff in order. Luckily they were pretty well off.

 

[Rally]

My condolences to you and your family on the loss of your father. I am a father and my son is an fo for a major carrier and I remember well when he was training. Actually he is the one that got me flying but as my name implies the FAA is reluctanct to give a heart patient a medical.
On a home ownership it is usually registered as joint tenants with rights of survivorship. This means that both registrants own 100% of the home. When one passes away then the other owns it lock stock and barrell. This also does not have to go through probate. I would expect the ownership of an aircraft is similiar...if the two of you were listed as owners with rights of survivorship then you own it completely now. Again...my condolences. Needa Medical

We had some good memories. Some funny stuff happened while flying together. One time we pulled our 150 we used to have out of the garage, I went inside to call FSS or something and expected him to preflight the plane. Got in the plane taxied out ran up took off. Looked at him and asked "how was the oil?" he looked at me and said "I thought you checked it" It was stupid and yea thats how accidents happen but it was pretty funny looking back.

 

[Rally]

My condolences to you and your family on the loss of your father. I am a father and my son is an fo for a major carrier and I remember well when he was training. Actually he is the one that got me flying but as my name implies the FAA is reluctanct to give a heart patient a medical.
On a home ownership it is usually registered as joint tenants with rights of survivorship. This means that both registrants own 100% of the home. When one passes away then the other owns it lock stock and barrell. This also does not have to go through probate. I would expect the ownership of an aircraft is similiar...if the two of you were listed as owners with rights of survivorship then you own it completely now. Again...my condolences. Needa Medical

What type of heart problem you have? How old are you?

Take care