Dave Stadt wrote:

"Mike Rapoport" wrote in message
.net...

Rick,

Has there ever been a case where a plaintiff went after a pilots estate

and

won when there was $1MM insurance coverage? It was explained to me that

the

insurance company was such an easy target (in a jury trial) and the

pilot's

family such a difficult one, that it isn't worth the risk of going to

trial

against the pilots family and that cases settled for the insurance limit.
Thanks for the insite!

Mike
MU-2



I know of one currently in litigation. That being the estate of Bob
Collins.

What part of the estate are they going after and in what state? When I
bought my Skylane share, my partner and I talked with two local
attorneys (NY state) about incorporating to help avoid some of the
personal liability. They both advised that this was unnecessary as the
only significant assets that either of us had were homes jointly owned
wiht our spouses, 401K plans, life insurance policies and company
pensions. We were told that none of the above could be touched via a
liability suit. They said to carry reasonable insurance (we had $1MM
smooth) and not worry about it.

We were told that the only assets they could go after were assets that
we owned solely, which for me was a pickup and a motorcycle. Everything
else was jointly owned with my wife and, if the attorneys were correct,
immune from litigation since my wife had no ownership position in the
airplane.


Matt