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It will depend on the specific jurisdiction. If the child was a minor, yes, the parents get the property. If they were an adult, their spouse and children would get it. And the will trumps any intestacy laws.
Wiki User
∙ 10y ago
Wiki User
∙ 13y agoYes, children can own personal possessions. When it comes to property, estates, or investments, it is usually held in trust until the child is of legal age (usually between 18 to 21). The trust is usually administered by an accountant or another living adult relative who would take care of any ongoing changes to the property (taxes, deposits, withdrawals, ect...)
Wiki User
∙ 13y agoIn the eyes of the law, the belongings of a child belong to the parents.
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How is wealth created?
Wealth is created by funneling the resources that should belong to everyone, such as money and property, into the hands of an
If you inherit money from your parents will your spouse be entitled to it in California?
Generally, inherited property is separate property in a community property state.
Can i sell my real property if there is a conveyance title in someone else's name?
You can sell your real property if there is a conveyance title in someone else's name, but the money will not legally be yours. The money will belong to the person who has the title.
Your parents and you had a joint bank account they died who does the money belong to?
A joint bank account belongs to the surviving owner.
Can parents make their kids pay rent even though they are still going to highschool?
If the kids are earning money, the parents can do so. As long as the child is a minor, their earnings actually belong to the parents..
Is a minor entitled to their own property in Iowa?
{| |- | No, they are not. Until they reach the age of 18 they are the responsibility of their parents. They cannot sign contracts and cannot own property. An employer is legally required to turn over any money the minor earns to the parents if the parents so request. |}
Did child slavery exist in the 19th century?
yes it did because the childrens parents wanted them to work and earn money so they can pay of debts and house bills.Because it was cheap, abundant, and there were no laws against it.
How much money does a childrens doctor earn a year?
around £260,000
Does inherited property in a marriage belong to both parties?
Generally no. In separate and community property states inherited property remains separate property as long as you take care to not co-mingle it with marital property. Don't use your spouse's money to renovate an inherited house. You should check with an attorney in your state who can review the situation and explain your options.
When a parent dies does Medicare sue the children for money owed?
No; however, Medicaid may file a lien on the parents' property and/or an estate claim.
Can teachers throw away your property when confiscated?
No they can't you paid money for so they aren't alowed to all you need to do is your parents have to get it from your teacher after school
Why should you start a childrens trust fund?
Children's trust funds are a great idea for parents and grandparents to start because of government incentives. In Canada, if someone puts in money into their child's trust fund, the government will also put money in there as well, so the money keeps growing and growing over time.
