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

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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...
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.
 
Rally
I am sure the experiences in the cockpit you had with your Dad will never be forgotten. Its my guess that your Dad will never be far away from you especially when you are flying. I remember writing my son a letter on the eve of my triple by-pass heart operation down at the Mayo Clinic in Rochester, Mn about 5 years ago...I reminded him of all those times I was watching him from the stands at his HS games...Footbal, Baseball, and Basketball...For 3 years every Friday night was filled, and then I told him if anything went wrong it wouldn't change...I'd still be there just outside the window watching him. At first the window was of a 152, then a piper warrior then a 172, beech 1900, Dash 8, a 73 and now a 717. I'm thinking us Dads are pretty much like that when it comes to our Sons. Yep! Thats where he'll be. And another thing I know is that the charcter needed to be a pilot comes from somewhere...and while freely given, requires much to attain. Your Pop did good. Needa Medical
 

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