Legal Question in Real Estate Law in California
What is the youngest age a person, who inherited money, can purchase real estate in California.
Asked on 1/17/12, 11:09 am
1 Answer from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Under Family Code section 6701(b), a minor cannot make a contract relating to real property or any interest therein. A minor is someone under the age of 18 who has not been emancipated by appropriate court action.
Please note that this is not to say that a minor cannot own real estate........they can inherit it.
A minor can also hold a beneficial and future interest in real estate if title is currently held by an adult custodian under the Uniform Transfers to Minors Act, Probate Code sections 3900 et seq.
Answered on 1/17/12, 11:50 am