Minors Owning Real Estate in Colorado with Video Presentation

This article and video presentation are intended for educational purposes only and not as legal advice.  To view more educational videos on real estate and other related subjects visit us on the
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Mother and Father holding hands

VIDEO PRESENTATION – MINOR CHILD OWNING REAL ESTATE

 

 

 

C.R.S. 15-14-102(8) defines a minor as an un-emancipated individual that has not attained 18 years of age.  Although not illegal, deeding directly to minors can create serious problems.  The minor cannot encumber nor convey without the appointment of a guardian per C.R. S. 15-14-101 et.seq., and their contracts are voidable at the option of the minor once they reach majority.  Jones v. Dressel, 623 P.2d 370(Colo. 1981).   So, if you want to add a minor to title in Colorado, I recommend doing so either pursuant to the Uniform Transfer to Minors Act, C.R.S. 11-50-101 et. seq., or through a trust.  To read other helpful legal tips, visit my profile and view previous posts.