Originally Posted by
Eastridge
How recent is recent I believe the owner said that its been about a year since his buddy died. And I read on faa.gov that the executor of the estate would have to sign on his behalf, but how long does it take after someone dies for an executor to be appointed.
As quickly as the deceased's family wants to. Usually it's quick and not a year later.
and then I'll need to hire a lawyer to straighten it all out.
Get the lawyer now (or at the very least a title agent) and there won't be anything to straighten out later.
Surely he wouldn't have ever put the plane up to sell in the first place though unless he knew he could sell it legally...right?
Why do you think this guy has any more knowledge of what's legally required than you do?
Here's a question: who actually owns the airplane? Have you looked it up in the aircaft registry? Is it "Ollie Owner and Clyde Co-owner?" Or is it "Co-owner Inc" or "Co-owner LLC" (with Ollie and Clyde shareholders or members)? The legalities of what needs to be done will be different depending. (And, if it's "Ollie Owner and Clyde Co-owner" I'll give you odds the remaining partner doesn't have any more knowledge than you of what's legally required.