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New York State Department of Taxation and Finance IT-201 Resident Income Tax Return (long form) New York State New York City Yonkers 0 8 For the full year January 1, 2008, through December 31, 2008,.
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Ny income tax form FAQ
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Sale and disposal of immovable property owned by a minor As per the provisions of the Hindu Minority and Guardianship Act, 1956, any property or share in property owned by a minor, cannot be sold or disposed of by the natural guardian of the minor, without taking permission from the court.
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Under California law, a minor may own real property or an interest therein, but a minor may not convey or make contracts relating to real property.
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In the state of Texas, minor children (any person under the age of 18) cannot legally own any real property or be entitled to receive any assets.
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The section 8 of Act , specifically say that legal guardian can sell/transfer the minor's estate for benefit of minor after due permission of 'District Judge'. Your application shall be moved under section 8 of Act read with provisions of 'Guardians of Ward act 1890'.
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The Gujarat High Court has held that even if a mother seeks to sell off the property of her minor child, despite her being a natural guardian, she can be looked at with suspicion and be denied permission to sell off such property if relevant material details are not provided.
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It is not uncommon for minors to become owners of real property via inheritance or as distributees under a will in Texas. Minors (persons 18 years or younger) are generally considered incapacitated persons without the right to contract and cannot effectively sign a deed conveying title to real estate.
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Yes. But he/she must be represented by his/her parents or legal guardian, if his/her parents are already deceased.
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This means that if minor children are designated as beneficiaries, they need a guardian of the estate appointed by the court to control the assets or property on their behalf until they turn 18 years old.
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Washington has adopted the Uniform Transfers to Minors Act. This is the most practical way for minors to “own” property. There is no document or agreement. The statute deals with the responsibility of the custodian to the child.
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Accordingly, the guardian may not purchase the ward's property for sale which is under his guardianship. The reason for such prohibition is that, public policy prohibits the transactions in view of the fiduciary relationship involved. The sales entered into in disregard of the prohibition are not however void.
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