>There is no "lawyer involved". There are many issues to deal with, >particularly in the case where one person dies and the family decides that >they do want to get a lawyer to take your plane away from you, when that is >something that neither of you wanted to happen.
One might put in the agreement that the partners agree at the end of each year what the plane is valued at to cover such a situation, and place this at the bottom of the contract with initials. In the event of the death of one, the family will not be able to go after more than 1/2 of that agreed price. Larry Severson Fountain Valley, CA 92708 (714) 968-9852 lar...@socal.rr.com
