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X-Original-To: lml@lancaironline.net
Subject: Re: [LML] Any liability lawsuits?
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The clock starts on the day the part or aircraft is manufactured. In this ca=
se the day the aircraft received its airworthiness certificate. There is no=20=
resetting the clock on the aircraft. The question is "how old is the aircraf=
t?" Just because it is over 18 years old is not a bar to being sued...just a=
 pretty high hurdle. Have experimental aircraft builders been sued? Answer--=
yes.

Jeff


-----Original Message-----
From: Craig Berland <cberland@systems3.net>
To: lml@lancaironline.net
Sent: Sun, 23 Nov 2008 11:15 am
Subject: [LML] Any liability lawsuits?




Bob, how many times can the =E2=80=9Cclock=E2=80=9D be reset.=C2=A0 Does tha=
t happen each time the plane is sold?=C2=A0 Specifically, if I move my plane=
 into an LLC, and sell the plane in 10 years, does all liability go away?=
=C2=A0 The issue is this=E2=80=A6.while you own the plane, hopefully you hav=
e liability coverage (at least risk sharing).=C2=A0 Once you sell the plane,=
 you don=E2=80=99t.=C2=A0 I do agree, the risk of being sued once you have s=
old the plane is pretty small.=C2=A0 However, I also believe the risk goes u=
p with your net worth.

Craig Berland

=C2=A0



"so does that mean if you convey the plane to an LLC that you own that that=20=
starts the clock?




Yes, that starts the clock but you are still in control of the LLC and just=20=
because the LLC owns the plane does not relieve you of any liability. You st=
ill are the pilot that runs that plane into the ground, building, etc.=C2=
=A0 Of course if you are dead, what do you20care about liability.=C2=A0 Your=
 wife would have a concern.



Bob Smiley


=C2=A0



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The clock starts on the day the part or aircraft is manufactured. In this ca=
se the day the aircraft received its airworthiness certificate. There is no=20=
resetting the clock on the aircraft. The question is "how old is the aircraf=
t?" Just because it is over 18 years old is not a bar to being sued...just a=
 pretty high hurdle. Have experimental aircraft builders been sued? Answer--=
yes.<br>
<br>
Jeff<br>
<br>
<br>
-----Original Message-----<br>
From: Craig Berland &lt;cberland@systems3.net&gt;<br>
To: lml@lancaironline.net<br>
Sent: Sun, 23 Nov 2008 11:15 am<br>
Subject: [LML] Any liability lawsuits?<br>
<br>


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<div class=3DSection1>

<div class=3DMsoNormal><SPAN style=3D"COLOR: #1f497d">Bob, how many times ca=
n the =E2=80=9Cclock=E2=80=9D be reset.&nbsp; Does that happen each time the=
 plane is sold?&nbsp; Specifically, if I move my plane into an LLC, and sell=
 the plane in 10 years, does all liability go away?&nbsp; The issue is this=
=E2=80=A6.while you own the plane, hopefully you have liability coverage (at=
 least risk sharing).&nbsp; Once you sell the plane, you don=E2=80=99t.&nbsp=
; I do agree, the risk of being sued once you have sold the plane is pretty=20=
small.&nbsp; However, I also believe the risk goes up with your net worth.</=
SPAN></div>


<div class=3DMsoNormal><SPAN style=3D"FONT-SIZE: 11pt; COLOR: #1f497d; FONT-=
FAMILY: 'Calibri','sans-serif'">Craig Berland</SPAN></div>


<div class=3DMsoNormal><SPAN style=3D"FONT-SIZE: 11pt; COLOR: #1f497d; FONT-=
FAMILY: 'Calibri','sans-serif'">&nbsp;</SPAN></div>


<div>

<div>

<div class=3DMsoNormal><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Arial',=
'sans-serif'">"so does that mean if you convey the plane to an LLC that you=20=
own that that starts the clock?</SPAN></div>
</div>
</div>


<div>

<div class=3DMsoNormal><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Arial',=
'sans-serif'">Yes, that starts the clock but you are still in control of the=
 LLC and just because the LLC owns the plane does not relieve you of any lia=
bility. You still are the pilot
 that runs that plane into the ground, building, etc.&nbsp; Of course if you=
 are dead, what do you care about liability.&nbsp; Your wife would have a co=
ncern<SPAN style=3D"COLOR: #1f497d">.</SPAN></SPAN></div>
</div>


<div>

<div class=3DMsoNormal><SPAN style=3D"FONT-SIZE: 10pt; FONT-FAMILY: 'Arial',=
'sans-serif'">Bob Smiley</SPAN></div>
</div>


<div class=3DMsoNormal>&nbsp;</div>
</div>
</div>
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