A minor cannot legally own property. Property can be held in trust for the minor until they reach the age of majority, usually 18.
A minor cannot legally own property. Property can be held in trust for the minor until they reach the age of majority, usually 18.
A minor cannot own real property. It could be held in a trust for the minor.
Yes, with parental permission
In fact, minors can own personal property although parents may exercise control or assert restrictions on the minor's use and possession of the property.
No
No. Property can be held in trust for the minor until they reach the age of majority.
No. Although when making a decision of partitioning property or deciding who should retain such, the judge also considers which parent is to retain primary custody of the child(ren).
Oregon labels a class D felony as an unclassified crime. Each unclassified crime in Oregon has its own fine and prison sentence.
The general rule...In general, a minor cannot enter into a contract. They are also not allowed to own property. The parents of the minor will technically own the property. If a parent will agree to Co-Signer the auto loan, then the minor can buy the car. However, the parent who co-signed the car will be the legal owner.
Liens are filed on property (such as houses) not on people (such as minors). If a minor is the legal owner of property, that property can still have a lien placed upon it - however, in almost all cases, minors do not own property, their parents or guardians do.
No. The home could be quit claimed to a trust for the benefit of the minor, but a minor cannot own property.
Most states allow minors to own property. To what extent they can exercise control over the property will vary by state.