Properties in Your Children’s Names? Read This Before You Sign.
Properties in Your Children’s Names? Read This Before You Sign.
It’s a move many Filipino parents consider a "shortcut" to estate planning: buying a property or transferring a title directly into their children’s names while they are still young. The goal is usually to avoid future inheritance taxes or ensure the child has a head start in life.
But as the saying goes, "The road to legal trouble is paved with good intentions."
In this episode of the LGPH Show, we discuss the hidden risks and legal complications that arise when you put properties in your children's names. It might seem like a smart move now, but it can lead to massive headaches later—for both the parents and the kids.
What We’re Breaking Down in This Video:
Loss of Control: Why you might find yourself unable to sell, mortgage, or manage the property once the title is in your child's name.
The "Minor" Problem: The legal hurdles involved when a property owner is under 18 and the court’s role in protecting their assets.
Tax Implications: Is it actually cheaper? We look at the reality of donor's tax versus estate tax.
Family Conflicts: What happens if the child grows up and wants to sell the house you're still living in?
Better Alternatives: Smarter ways to ensure your children are taken care of without giving up legal authority prematurely.
Before you head to the Registry of Deeds, watch this video to make sure you aren't accidentally creating a legal trap for your family.
[Watch the Full Video Here: Putting Your Properties In The Name Of Your Kids]
Plan Your Estate the Right Way
Avoid the common mistakes that lead to family disputes and frozen assets. Use these resources to plan effectively:
📘 Free Estate Checklist: Download our [PDF Title] to see if your current property strategy is legally sound. [Link to PDF Lead Magnet]
📚 Essential Reading: Get our book, [Book Title], to learn the safest ways to transfer wealth to the next generation. [Link to Book Store]
🏘️ Estate Settlement Workshop: Learn the "A-Z" of property transfers and how to avoid costly penalties. [Link to Workshop Registration]
⚖️ Expert Consultation: Get a personalized assessment of your property situation from our legal team. [Link to Consultation Booking]
