An aircraft needs special consideration in the Estate Plan. Federal regulations control how an aircraft is registered. An aircraft trust must meet the FAA citizenship requirements before registration is permitted. If FAA process is not followed, the aircraft will not be in the trust and probate may be required. Your aircraft trust should work with the other parts of your Estate Plan.
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You may be surprised to learn that the FAA doesn’t recognize that your aircraft is trust owned. Find out how to check to see if it is.
The presentation will provide you with that information as well. Wills, Trusts, Powers of Attorney and Advanced Healthcare Directives. Without planning your estate is likely headed for probate. This can be avoided by planning with Trusts and Powers of Attorney. Otherwise, your family is likely facing court control and interference when you die or if you become disabled.