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-   -   Deed transfer to minor (https://www.askmehelpdesk.com/showthread.php?t=297727)

  • Jan 1, 2009, 07:45 AM
    RPrice2008
    Deed transfer to minor
    Can we change a deed to a minor name if it is suported by a legal guardian
  • Jan 1, 2009, 09:48 AM
    JudyKayTee
    Quote:
    Originally Posted by RPrice2008 View Post
    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?
  • Jan 1, 2009, 09:50 AM
    ScottGem

    There may also be tax implication if you transfer ownership to anyone. This is generally considered a gift.

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