Legal Question in Real Estate Law in Virginia
I own some real estate in Virginia and I would like to give it to my niece with is 4 years old. Can I have her name put on the deed
Asked on 10/31/17, 4:26 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
No, putting real property assets in the names of children is generally a bad idea
for a number of reasons that I will not detail here. Such transactions are normally
put in the parent's name, guardian, or other reliable trustee who can be
trusted to safeguard the property and to legally convey it to the child at the appropriate time.
Office Tel. (703) 838-5577
Answered on 11/02/17, 7:22 am