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    8050-2 Question - Gift?

    Thanks for the feedback and the helpful links. My motivation is not to skirt the tax liability but obviously if there are ways to minmize the tax burden, I'd surely like to consider those options. What I was really wondering about is whether the FAA looks at the transaction differently as a...
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    8050-2 Question - Gift?

    My father owns an airplane. It is registered in his name and not in a LLC. He is very ill and unable to act on his own behalf. My mother has a POA and would like to gift the airplane to me. Has anyone here gifted an aircraft or received an aircraft as a gift? AOPA told me the POA will be...
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