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Can a home be quit claim deeded to a minor in the state of Michigan?
No. The home could be quit claimed to a trust for the benefit of the minor, but a minor cannot own property.
Can a non custodial parent create a Facebook page for a minor child without custodial parents consent?
no law addressing it
Can a custodial parent prevent non custodial parent from traveling out of the country with a child?
Absolutely. A minor child cannot be taken legally from the U.S. without a valid passport. The custodial parent or guardian must, under oath, in person agree to allow the child to accompany the non custodial parent before a passport is issued. Likewise, depending upon the custodial order, the custodial parent may need the non custodial parent to present a sworn affidavit that he or she is allowing the minor to obtain a passport and travel outside of the U.S.
In Indiana can a 16-year-old move in with a non custodial parent when the custodial parents refuses to let them?
No. The custodial parent has been assigned the responsibility for the child by the court. And until the minor reaches the age of 18, they live where their parent tells them to.
Can custodial parent kick out child still in school?
No a custodial parent can not kick a child out of school if the child is still a minor. If the child is 18 years old, the parent may kick them out.
When can a minor claim their custodial account in Virginia?
Age 18
When can a minor claim a custodial account in Washington?
In Washington, a minor can claim a custodial account when they reach the age of majority, which is typically 18 years old. Until that age, the account is managed by a custodian, usually a parent or guardian, who oversees the funds and makes decisions in the minor's best interest. Once the minor turns 18, they can access the account and take control of the assets within it.
What is a custodial account?
A custodial account is an account set up by an adult to benefit a minor.
How can a minor trade stocks?
Through a custodial account. An adult can setup a account and add you as a custodial. The custodial makes the trades through your accounts, but the money remains separate from both accounts.
At what age can a minor child in Michigan choose custodial parent when joint physical custody has already been established?
see links below
Can a home be quit claim deeded to a minor in the state of Michigan?
No. The home could be quit claimed to a trust for the benefit of the minor, but a minor cannot own property.
Who pays dividends on a custodial account held by grandparent?
In a custodial account held by a grandparent, dividends are typically paid by the investments within the account, such as stocks or mutual funds. The company or fund that issues the investment distributes the dividends to the account. The grandparent, as the custodian, manages the account until the minor reaches the age of majority, at which point the account and its assets are transferred to the beneficiary.
Can minor operate trading account?
You must be 18 to establish a trading account. If you are under 18 you can have an account assigned to your social security number but it must be a custodial account and a custodian will control the account until you are 18 years of age.
What are the key differences between a custodial account and a trust, and how do they impact the management and distribution of assets?
A custodial account is a financial account managed by an adult for a minor, while a trust is a legal arrangement where assets are managed by a trustee for the benefit of beneficiaries. Custodial accounts are simpler and have fewer restrictions, while trusts offer more control and flexibility in managing and distributing assets. Trusts can also provide more protection and tax benefits compared to custodial accounts.
Do you have to have consent from both parents to house a minor?
Yes. if the custodial parent can not take care of the minor the non-custodial have first dibs.
How would a non-custodial parent of a minor child in the state of Michigan sign off rights to their child?
You would have to call the court house for legal papers on terminating parental rights.
At what age can a minor decide not to see a non custodial parent?
An minor can't decide to not see a non-custodial parent -- if there's a court order, it will continue until the minor is of age, 18.
