08 Jul Successions Involving Airplanes in Argentina
Successions Involving Airplanes in Argentina
Vast experience and extensive knowledge are the two main factors that support the long record of success achieved by the team of professionals working at one of the very few law firms in Argentina that specializes in successions involving airplanes.
Concepts such as last will, succession, probate, inheritance, intestacy, and estate planning may be very confusing for most people, especially under the grief-stricken and stressful situation involving the death of a loved one.
For instance, succession is the process of settling a deceased person’s estate and distributing the property after debts are paid. Also, its definition refers to the estate a person leaves behind at death.
On the other hand, probate is the court proceeding that establishes the administration of the estate of a decedent. Also, it refers to the transfer of assets to the appointed heirs and beneficiaries. Last, it determines the payment of any due taxes or other debts. However, only property owned by the deceased that is not automatically granted to an heir must be submitted to probate. In a probate proceeding, the court appoints a personal representative to administer and transfer the assets.
Our Multidisciplinary Team
Among all the assets that may be inherited, aircraft is a special category very often overlooked by other law firms specializing in successions. The most common reason is the reluctance to deal with the very complex technical aspects involved in this field. In general, legal expertise is not enough to handle the intricate technicalities and requirements typical of the aviation industry.
This became quite evident for us over time, which resulted in the addition of field experts on this matter to properly assist our clients. These specialists include –among others-: appraisers, former pilots, aviation mechanics, consulting experts, aircraft operators, technical translators, pilot licensing officer, etc.
National Administration of Civil Aviation in Argentina
In the case of a personal airplane, the new owner receives it as tangible personal property without a title. Then, the new owner should submit a bill of sale and a certified copy of the letter of testamentary to the Administración Nacional de Aviación Civil (ANAC) [National Administration of Civil Aviation] in Argentina in order to properly register the aircraft. In addition, the ANAC should be promptly notified after a registration-card holder or a registered operator passes away.
Said notification should include a copy of the death certificate, as well as the name and contact details of the appointed administrator. If the deceased person was also the registered operator, it is necessary to appoint a new registered operator as soon as possible in order to avoid the cancellation or suspension of the aircraft registration. The new registered operator should provide proof of eligibility as well.
And last, if the deceased was the registration-card holder for a registered aircraft, a notification of transfer of ownership needs to be completed and signed by the appointed administrator of the estate.
If you operate the aircraft while probate is pending, it is also very important to notify the insurance company. Also, you should pay the insurance policy in full.
Our law firm provides legal assistance all throughout the most important cities and provinces of Argentina: Buenos Aires, La Plata,
Catamarca, San Fernando del Valle de Catamarca, Chaco, Resistencia, Chubut, Rawson, Córdoba, Corrientes, Entre Ríos,
Paraná, Formosa, Jujuy, San Salvador de Jujuy, La Pampa, Santa Rosa, La Rioja, Mendoza, Misiones, Posadas, Neuquén, Río Negro,
Viedma, Salta, San Juan, San Luis, Santa Cruz, Río Gallegos, Santa Fe, Santiago del Estero, Tierra del Fuego,
Antártida e Islas del Atlántico Sur, Ushuaia, Tucumán, Mar del Plata, San Miguel de Tucumán
Our law firm has more than two decades of experience and a solid professional background. Thus, we are ready to fly you over any legal turbulences that may arise. We are available 24 hours a day, every single day!