Cathar
Do you have any info about this fractional ownership problem?
For example I know you have to operate an N-reg under a dry lease to make it legal to rent it. So Joe Bloggs doing it privately is probably OK, whereas if a fractional group or a rental operation gets it wrong, they're in trouble.
But any U.S. registration agent can come up with the right paperwork - it is for the operators to stick to it (or not).
The U.S. trust route isn't illegal anywhere; I know a man (as the yellow pages ad says
) whose son is a US citizen and it is his son who actually owns the plane. This is the same thing as a Trust but obviously is a lot cheaper! And, like the trust, the son could run off with it.