California | Real Estate Law

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Asked on: 2/13/12, 11:58 am

I plan to transfer a free and clear real estate property to my 7 years old son and want to appoint myself to be a trustee to manage it. Can I take the title of the house back before my son is reaching 18 years old?

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I'm not sure what your reason would be for transferring property into the name of a 7 year old. You really need to establish a trust, then put the property into a trust in which th...

Answered By:

David Gibbs

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There is no possible reason to transfer title to real property to a 7 year old child that would be legally valid, except under the Uniform Gifts to Minors Act as part of a comprehe...

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Timothy McCormick

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I agree with both previous answers that this is almost certainly a bad idea, especially given that you're wondering if you could get the property back into your own ownership befor...

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Bryan Whipple

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You can set up a trust, in which you are the trustee, and he is a beneficiary. As long as the trust is revocable, you can change your mind and revoke the trust, until you die....

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Anthony Roach

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