CanI put my child’s name on the title of the house that I bought ifthey areunder 18 years old?
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CanI put my child’s name on the title of the house that I bought ifthey areunder 18 years old?
Asked on March 9, 2012 under Real Estate Law, Louisiana
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
You can place legal title of real property in a minor's name (person under the age of 18) at the time of transfer but I do not recommend doing such. The reason is that under the law a minor is able to cancel a contract that he or she enters into.
I recommend placing title to the parcel you are writing about in the name of a trust created for the minor child where there is a trustee for the trust to safeguard its assets.
For this, you need to see a Wills and trust attorney.
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