what is an faa owner trust
The trustee acts for the beneficiary and the aircraft is titled and registered in the name of the trustee. This relationship is often called an owner trust because the benefit of the trust and all assets go to the true owner of the trust.It is important to note that this structure has been approved by the FAA and, because of the documents which are filed, the FAA is well aware of the identity of the beneficiary.he beneficiary owns the beneficial interest in the trust and the trustee owns the aircraft on behalf of the beneficiary. The trustee is the titled and registered owner of the aircraft, but the beneficiary has the right to dissolve the trust at any time for any reason.