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A. Unfortunately, yes. Minor children can receive and hold title to real estate, but they cannot convey title until they turn 18. Your situation is a classic example of why parents and grandparents should not add, convey or will real estate titles to minors.
Sometimes a spouse may add the other spouse's name to a property after a marriage by issuing a deed, which makes them part owner. A minor child, however, cannot own property. A quit claim deed to a minor child would not be legally valid unless the property is conveyed to an adult on behalf of the minor child.
Though a minor can accept an immovable property under a gift, any onerous gift which carries some liability cannot be made binding to a minor. ... Any agreement for purchase of an immovable property has to be executed by his natural or legal guardian on behalf of a minor as the minor is not competent to contract.
Minors absolutely can own real property. They can own homes, cars, virtually any big ticket item. They cannot enter into any kind of contract however, (financing or otherwise) without the signature of their parent or guardian. ... Parents absolutely do not own all of their children's property.
Adding Minor Children to the Title of a Real Property. Children who are minors (under the age of 18 in most states) can legally co-own real estate with their parents. ... Unfortunately, this act can complicate things if the parents want to sell the property while the children are still young.
Adding Minor Children to the Title of a Real Property. Children who are minors (under the age of 18 in most states) can legally co-own real estate with their parents. ... Unfortunately, this act can complicate things if the parents want to sell the property while the children are still young.
Legal Age to Inherit A child considered a minor by her state of residence can inherit property, but she can't manage it. The legal age of inheritance, meaning control of the property, varies by state and by the value of the inheritance but is 18 in most cases.
Re: Adding daughter's name to house deed It is doable. No stamp duty. For inheritance tax purposes it will not be seen as a gift with reservation (and therefore will qualify as a potentially exempt transfer, which is what you want!) provided that the daughter continues to live there with her mother.
Legal Age to Inherit A child considered a minor by her state of residence can inherit property, but she can't manage it. The legal age of inheritance, meaning control of the property, varies by state and by the value of the inheritance but is 18 in most cases.
Legal Age to Inherit A child considered a minor by her state of residence can inherit property, but she can't manage it. The legal age of inheritance, meaning control of the property, varies by state and by the value of the inheritance but is 18 in most cases.
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