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Is it legal for a parent to sell property that was willed to his minor children from their grandpa and give the money to the named children?
Wiki User
∙ 9y ago
The parent holds the rights to the property in trust for the child. They can sell the property and place the money into trust. When the child comes of age, or there is need to use the money, it can be put into use for the child's welfare.
Wiki User
∙ 9y ago
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Is it legal for a parent to sell property that was willed and bequeathed to his minor children from their grandpa and then keep the proceeds without giving the money to the named children?
In short, no. Consult an attorney.
Can a parent steal a 17 year old's property?
yes.Another View: Parent's cannot "steal" (i.e.: commit theft of) their child's property. Until the child reaches the age of majority in their state, the parent's are the 'legal custodians' of their child's possessions and property. Minors (under the law) are generally legally incapable of owning things.However, if property or possessions were willed to the child and they are named as the inheritors of specified property, then the parent(s) MUST maintain those items "in trust" and untouched for the child until they reach adulthood.
What rights to the adult children have when it comes to property purchase by the children but willed to a friend?
That will depend on the names on the property deed or registration. If we are talking about gifts of electronics or other items, there is none. If it is a piece of real property (land or house), the deed will control. If the only name on the deed is that of the deceased, the adult children have no say and the deceased can do what they wish with it.
Can real property be willed to a non-citizen of the US?
Yes.
If a property is willed to someone do they inguire the liens on the property?
If the property is subject to active liens, generally the devisee will acquire the property subject to those liens.
Person dies while owning property as Tenants in Common with 4 others Deceased's portion is willed to children subject to Life Estate to his wife Can this be done?
Yes. And what a mess it would be.
Can you get insurance on a home that was willed to you?
Yes, If you are the owner of the home. you can certainly buy insurance for your property.
Can a judgment in California be used against willed property?
Only insofar as the judgment can be levied against the estate of the deceased. Since it can be assumed that the willed property was part of the estate's assets then it can be liened if there are insufficient other funds in the estate's assets to satisfy the judgment.
What if a house is willed to 2 people and not included in the estate do both have the same rights?
In order for something to be willed to someone, it has to be in the estate. Both individuals will have equal rights to the property as tenants in common.
Can joint owned property with three owners be willed to one of the surviving parties over the other?
No. Property owned by three people as joint tenants with the right of survivorship cannot be "willed" at all. When one owner dies their share automatically passes to the surviving joint tenants.No. Property owned by three people as joint tenants with the right of survivorship cannot be "willed" at all. When one owner dies their share automatically passes to the surviving joint tenants.No. Property owned by three people as joint tenants with the right of survivorship cannot be "willed" at all. When one owner dies their share automatically passes to the surviving joint tenants.No. Property owned by three people as joint tenants with the right of survivorship cannot be "willed" at all. When one owner dies their share automatically passes to the surviving joint tenants.
Parents willed estate to surviving children does this exclude deceased children?
If the exact wording is "to my surving children", then all other children who predeceased the testator or out.
Can jointly owned property be willed to spouse with stipulations?
Property held in a joint tenancy automatically passes to the surviving owner. You cannot attach stipulations to it.
