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Old 15th Feb 2009, 12:04
  #18 (permalink)  
IO540
 
Join Date: Jun 2003
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Might take you up on that, Englishal

AIUI the only real difference between using a corporation (typically a Delaware one) and using a US citizen (as I do; this particular chap owns about 200 planes now) is that in theory the individual US citizen could run off with the plane since he owns it completely, whereas the corporate route gives the real owner 25% control so he can block certain drastic actions.

I haven't looked at my trust agreement lately but it contains a clause preventing the trustee from preventing me from enjoying the asset, so in reality he can't simply run off with it.
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