My father owns an airplane. It is registered in his name and not in a LLC. He is very ill and unable to act on his own behalf. My mother has a POA and would like to gift the airplane to me. Has anyone here gifted an aircraft or received an aircraft as a gift? AOPA told me the POA will be accepted by the FAA in lieu of my father's signature on the 8050-2. I've read that people often write "$1 OVC" on the 8050-2 but that's not entirely accurate for this situation. Any feedback regarding real world experiences with this type of transaction would be appreciated. Thanks.