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No. The minimum age for owning property in California is 18 because that is the legal age that you can execute a contract with another party. A minor child can be entitled to the ownership of property if the property is vested in a Trust with the child being the beneficiary of the trust.
What else can I help you with?
Can a minor legally own property in Utah?
A minor cannot own real property. It could be held in a trust for the minor.
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.
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 minor own property not land?
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.
Can a minor legally own property?
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.
Can a child in UK own property?
No. Property can be held in trust for the minor until they reach the age of majority.
Can a minor own property?
No. Although when making a decision of partitioning property or deciding who should retain such, the judge also considers which parent is to retain primary custody of the child(ren).
Can minors own a car?
The general rule...In general, a minor cannot enter into a contract. They are also not allowed to own property. The parents of the minor will technically own the property. If a parent will agree to Co-Signer the auto loan, then the minor can buy the car. However, the parent who co-signed the car will be the legal owner.
Can you file a lien on a minor?
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.
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.
Do California condo owners pay property taxes?
Yes. Just as you would pay property taxes on any property that you own.
Can a minor purchase a property in his own name?
Most states allow minors to own property. To what extent they can exercise control over the property will vary by state.
