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    RPrice2008's Avatar
    RPrice2008 Posts: 1, Reputation: 1
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    #1

    Jan 1, 2009, 07:45 AM
    Deed transfer to minor
    Can we change a deed to a minor name if it is suported by a legal guardian
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Jan 1, 2009, 09:48 AM
    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?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #3

    Jan 1, 2009, 09:50 AM

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