Q: I live in Texas. I am in process of purchasing land in Michigan. Can I put the land in my 15 y/o child’s name ?
I want to do this for her to have an immediate investment at age 18. The land is currently void of structure.
A:
Not directly. You must be 18 to own land in Michigan (and most other states too) although the child could be a beneficiary of a trust that owned land. But that too has down-sides.
Why do you want to do this? There may be other options but without looking at ALL the facts and circumstances it is hard to say what the best course of action is.
Seek local legal advice before you commit to anything.
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