Specifically in New York City can an apartment be purchased and put in the name of a minor? Would that protect the real estate from any debts owed by a parent of the child? Would a trust be needed?
A deed is a written document describing a piece of real estate and documenting the transfer of ownership from one person (the grantor) to another (grantee).
The term real estate means land and items permanently attached to it, like buildings. This area of law deals with who has the right to own and use these items.