RPrice2008
Jan 1, 2009, 07:45 AM
Can we change a deed to a minor name if it is suported by a legal guardian
JudyKayTee
Jan 1, 2009, 09:48 AM
Can we change a deed to a minor name if it is suported by a legal guardian
In most States, yes, minors can own property. Obviously if there is a mortgage or loan against the property, no.
What State?
ScottGem
Jan 1, 2009, 09:50 AM
There may also be tax implication if you transfer ownership to anyone. This is generally considered a gift.