Hello and thanks for using Just Answer.
I am Al and am happy to assist you with your enquiry.
A minor is not entitled to legally own a property. A party therefore has to be 18 or older before owning any property.
If a party wants to "transfer" a property to a minor, although they can't transfer the legal title to the minor, they can sign a Trust Deed, stating that they hold the property upon trust for the minor.
I hope this assists and sets out the legal position.
how do you raise a trust deed?
A local Conveyancing Solicitor will be able to prepare the Trust Deed for you- he will probably charge approx £250 plus VAT.
Can I assist you any further?
If not, I would be grateful if you could rate my answer.
My husband moved out in july 2011. He has since bought himself a propertly recently. he did not nuy my home and h did not contributet ot the mortgage or household running cost, part of why our family borke down. He has indicated that he wants property adjustment as part of divorce financial settlement. He earns alot more than me, at least twice as much. Very mean man. Where do I stand ? Can he take my property from me? He manipulated me to buting the property on my own so he could avoid paying for anything. He eventually told me so when i kept insisting he shoud contribute to the mortgae as he promised.
Please advise how I can keep the property for me and my 15 year old son.
I would be grateful if you could post this new question as a new question,thanks.