Posted on: 15th Sep, 2009 12:46 pm
Home owner in Michigan would like to add minor nephew to the deed. 50/50 split property free and clear.
Hi sheila!
Welcome to forums!
As far as I know, a person cannot transfer property to a minor with the help of any deed. However, for the benefit of the minor, you can transfer the property to a trust. To know more on the same issue, check out the given page:
http://www.mortgagefit.com/quitclaim/underage-grantee.html#51602
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As far as I know, a person cannot transfer property to a minor with the help of any deed. However, for the benefit of the minor, you can transfer the property to a trust. To know more on the same issue, check out the given page:
http://www.mortgagefit.com/quitclaim/underage-grantee.html#51602
Feel free to ask if you've further queries.
Sussane