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can minors own property

1Answers

DelAdriel

11/28/2025, 07:23:11 AM

Yes, minors can own property, but they lack the legal capacity to hold it directly, so parents often set up a trust for the child. The trust grants the child beneficial ownership with the parent as legal trustee, transferring full title once the child reaches the stipulated age (e.g., 21 in Singapore) and terminating the trust.

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