midlifeflyer
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- Jan 20, 2003
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It's typically not. I don't think that the FAA Bill of Sale or registration application contemplates a co-ownership that includes a survivorship right. That's a reason why many privately-owned aircraft are set up in LLCs or corps or trust or some other form of entity - there's a little more flexibility.needa medical said: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 barrel. This also does not have to go through probate. I would expect the ownership of an aircraft is similar...