Aircraft registration change - advice

[Kevin Conklin]

Current registration is a co-ownership of 2 owners (I am one of the current owners). I am buying out the other owner. Question is how to complete the forms.

The 8050-1 is the registration application. Seems simple enough - just me as the owner/application.
The 8050-2 is the bill of sale form. Purchaser is me I assume - but the seller - just my current co-owner... or both of us?

Then on the 8050-2 bill of sale - there is this section that I'm also not sure how to complete:
"And to ________ executors, administrators, and assigns to have and to hold singularly the said aircraft forever and warrants the title thereof:

In testimony whereof ________ have set ________ hand and seal this ________ day of _______"

 

[Bell206]

there is this section that I'm also not sure how to complete:

FYI: Here is the guidance document for registrations. Figure out which scenario fits you and follow the instructions. If still have questions call Aircraft Registry. Any error or misstep you make on your -2 will get your application sent back until it is filled out correctly.
https://www.faa.gov/licenses_certificates/aircraft_certification/aircraft_registry/media/8050-94.pdf

 

[Tools]

My experience, a case where ownership passed from husband and wife, to just husband, you will sign BOTH... as a seller (one of two) and a buyer.

 

[Tools]

Have also seen a case where a plane went from a one man company, to that one man. Again, he was listed twice basically. He signed it over (as owner of company) to himself personally with a bill of sale.

 

[Kevin Conklin]

I read that. It still is not clear to me how to handle a co-owner selling to the other co-owner. I'll be calling them.

 

[Tools]

Really, I believe it could be done via a different legal instrument, FAA doesn’t really care. They just want a legal paper trail for EVERY little aspect of it. Just like a airplane part.

If you were to provide a piece of legal paperwork saying the partner has legal juris prudence to sell it in the partnership, then you might not have to sign the bill of sale. Just as a method of explaining (how I believe) this all works.

 

[Kevin Conklin]

I just spoke with someone from the FAA registration branch. They told me to use for 8050-2 (bill of sale), put only the current co-owner that I am buying out as the seller, and me as the purchaser. Then also complete 8050-1 with me as the applicant. And of course, include $5.

 

[k9medic]

Be careful as the state that you live in might think it is a sale and come looking for sales tax. Happened to me.

 

[midlifeflyer]

If you were to provide a piece of legal paperwork saying the partner has legal juris prudence to sell it in the partnership, then you might not have to sign the bill of sale. Just as a method of explaining (how I believe) this all works.

Huh? What the heck does that mean? Is that juris Mary's cousin?