Legal Question in Real Estate Law in Florida
Can a minor own property separate of their parents or guardians, such so that a parent could not for example take it away? What precedents would give either side weight?
Asked on 9/08/14, 4:07 pm
1 Answer from Attorneys
Barry Stein
De Cardenas, Freixas, Stein & Zachary
A minor cannot own property and cannot operate or handle the property as the minor cannot contract. The best that could happen is the property is held in a corporate name or trust and run by an adult other than the parents and that corporation/trust provides the benefits to the minor. A guardianship may be needed if the parents cannot handle the income, if any, and if substantial enough. Seek some legal guidance on how to accomplish what is needed.
Answered on 9/08/14, 4:10 pm
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