jeffyor...@qx.net wrote: I did the "OR" on a previous plane with a partner.
Partner died, During the long time it took trying to get the title transferred to me and after thinking everything was ok, I went to my hanger one day to find out the lock had been changed. You see my partners survivors, (wife and son) ( I am sure their attorney too) got to talking and when the word airplane was mentioned over a period of several conversations and months, they suddenly began to feel that any airplane was worth a lot of money. So hence, this airplane was worth a lot of money. So they demanded I pay to them much more then what the plane finished was worth, not to mention that the plane was not finished when he died. By the way I finished it after he died. The thing that really makes me mad. They ended up selling the plane to a guy for less then what each partner had into it. Which was by the way, about a fifth of what they demanded for me to pay them. Also, by the way, these where people, that I thought I had a great friendship with. His wife actually cried on several occasions as she told me she knew her husband wanted me to have the plane because he knew I would carry on and finish it. I am making this to long. Bottom-line, I was out an airplane, all the money I put into it and of course time and effort, hanger fees, so on and so on. I will only put " OR" on the title with a survivor, wife or son, all others will be "AND" because money and lawyers will always get in the way, regardless of right and wrong. Oh, and the guy that bought it from them. I thought he was a friend too. Jeff York N839BG Lexington KY. http://web.qx.net/jeffyork40 The "or" certainly does not protect you from legal action. It does let you transfer the vessel with your signature alone. Which can be a convience issue. Someone can always get a lawyer involved and make your life hell. I'm sure it would be wise to have some legal papers drawn up as to the percentage of ownership, in a partnership. A will stating who retains ownership upon the death of one of the partners might have saved you some grief. Sorry that you had that experience. Here at the dealership the "default" is always, "or", so that in the event of the death of a spouse the survivor can sell the vehicle with their own signature. If the "and" is selected it becomes much more difficult to transfer the vehicle, upon the death of one or the registered owners. That is all I was saying. Sorry that happened to you. :( Nothing, repeat, nothing protects you from a lawsuit in these United States. The say carsalesmen are bad!!! Lawyers take the cake. : ) Ron Smith, Kr2s boat stage Cypress Ca. mercedesm...@yahoo.com
