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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 you own land before the age of 18?
In most places, minors cannot own land outright. However, they may be able to have a custodian or trustee hold the property in trust until they come of age. Alternatively, parents or legal guardians could hold the property on the minor's behalf.
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.
What do you call a piece of land you own?
Your private property.
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.
Can you own a house if you do not own the land it sits on?
Not unless it is a mobile home and you are renting the property. A house is considered a part of the land.
