ANSWERS: 1
  • It is possible to put property in a child's name, under the UTMA( Uniform Transfers to Minors Act) In every state except South Carolina and Vermont, you can choose a custodian to manage property you are leaving to a child. The custodian will step in to manage the property until the child reaches the age specified by your state's law -- 18 in a few states, 21 in most, 25 in several others. However, it is a process, and usually done in a will or something. It sounds like you might want to discuss your situation with a lawyer. Most will give you a 30min phone consultation free. good luck.

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