1. you give away all your assets to your wife
before any litigous event is known;
2. you, or a shell corporation, own the
plane only;
3.you or your wife do not support the plane
operation and maintenance costs from your personal incomes. Maybe you can
do so in terms of non-voting shares in the stock of the plane.
4. You cannot have any voting rights or any
incidence of control of the plane.
so in a little more detail:
(1) give it all to your wife. this only
works in non-community property states, right?
(3) how do you get money into the corporation
except from your personal income, assuming such corporation produces no
income? e.g. suppose you are an employee of some other corporation
that is not interested in helping you with your airplane habit. how else
do you get money in?
(4) please elaborate. e.g. I formed an
LLC of which I am the only owner and only manager. this sounds like
a complete flunk. so who does have voting rights and control
the airplane?
Colyn
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