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To own property you must be an adult. That means 18 years old in most places.
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What is the legal age to own real estate in Illinois?
The legal age to own real estate in Illinois is 18 years old. Minors can own real estate in Illinois, but it is often held in a trust or through a guardian until they reach the age of majority.
What is legal age to own property in Illinois or can a 17 year old own real estate in Illinois?
You have to be 18 to have any real assets to your name.
Is your car considered personal property on private property in Illinois?
Car repo is covered by its own law. So No
If you purchase a car in Indiana move to Illinois have the car repossessed in Illinois can the lender attach a lien to a property that you still own and rent out in Indiana?
They can attach anything you own anywhere.
Can a minor own property in Oregon?
A minor cannot legally own property. Property can be held in trust for the minor until they reach the age of majority, usually 18.
What is the age you can own a home in Illinois?
The state's legal age of majority is 18. For ages 16-17 you must get an emancipation order from the court which may be limited to specific areas.
Can a minor legally own property in Oregon?
A minor cannot legally own property. Property can be held in trust for the minor until they reach the age of majority, usually 18.
Can a child in UK own property?
No. Property can be held in trust for the minor until they reach the age of majority.
Is it legal for a girl to move out with parental consent in Illinois?
Yes, but you cannot own property without being emancipated.
What is the age in Illinois that uniform gift to minors ends?
{| |- | The age of majority in Illinois is 18. At that point the individual can contract and handle there own affairs. That would be the point that the trust would end. |}
What is the age a teen can get emancipated in Illinois?
A teenager can petition for emancipation in Illinois at the age of 16, but they must demonstrate financial independence, ability to make decisions, and be able to support themselves. The court will consider the best interests of the teenager before granting emancipation.
What county has the highest property taxes in Illinois?
As of 2007, Lake County has the highest property taxes in Illinois
