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Transferring property to minor

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1Transferring property to minor Empty Transferring property to minor Sat Aug 11, 2018 9:02 am

Franconian


Arresto Menor

Hi,

Is it possible for a parent to transfer a house and lot to their 12 year old child? I have read controversial info about this.
Apparently it can be done with Deed of Donation, but will the title be under the minors name?

2Transferring property to minor Empty Re: Transferring property to minor Wed Aug 15, 2018 6:11 am

arnoldventura


Reclusion Perpetua

Make a deed of donation, and the minor should be assisted by the parents, or legal guardian. Nakalagay sa mismong deed yung minor "assisted by". Sa kanya talaga dapat nakapangalan ang deed of donation, para pag nagproseso na kayo ng transfer ng property sa pangalan nya before the Registry of Deeds, hindi na masyadong magkaroon pa ng maraming komplikasyon. https://www.alburovillanueva.com/land-titles-real-property-registration

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