Yes, minors can legally own property, but they may need an adult to act as a guardian or trustee on their behalf until they reach the age of majority.
In most cases, a parent can legally take possession of an item purchased by their child since minors typically do not have the legal capacity to own property.
Most states allow minors to own property. To what extent they can exercise control over the property will vary by state.
Generally speaking, a minor cannot own real estate in the United States. That said, minors who have been legally emancipated can own property. This means that in some states, a minor that is married can own real estate because they are usually considered emancipated.
A minor cannot legally own property. Property can be held in trust for the minor until they reach the age of majority, usually 18.
In most places, children cannot legally own property on their own. They usually need an adult, like a parent or guardian, to manage the property for them until they reach a certain age.
It doesn't matter if he's unlicensed or not, unlicensed persons can own motor vehicles. The question is, can a minor "own" property in your state? In most states minors cannot legally hold property in their own name, if they appear on the title to anything it must be as a co-owner with an adult.
yes most defiantely.Another View: Check with your local state laws on this question. Not every state allows minors to legally "own" property.
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.
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.
Yes, a minor can legally own property, but they may need a legal guardian or trustee to manage it on their behalf until they reach the age of majority.
In most states you must be at least 18 years of age in order to be able to "own" anything because minors are not considered legally capable under the law or 'owning' property.
A guardian must be appointed by the court to manage any property owned by a minor. The guardian would manage the property under the supervision of the court. If the guardian wanted to sell the property, the sale would need court approval and the proceeds would be placed in trust for the child. The child could take over management of the property or proceeds at the age of eighteen.