I suggest that you make a trust for the minor. Speak to a lawyer to can help you with both i.e. set up a trust and the purchase of the R/E.Ask a similar question
If a conveyance is made to avoid debts, the court may deem it a fraudulent conveyance. To convey property to a minor, a trustee is usually the best recipient.Ask a similar question
There are going to be gift tax issues for you to address if you do place the property in your child's name (assuming it’s your funds and not your child’s that are buying the property). That being said I agree that any purchase of property on behalf of a minor should be in a trust.
The above statements are provided as general information and not intended as legal advice. Each matter has its own set of unique circumstances that cannot be adequately addressed without consultation. You are strongly advised to hire an attorney licensed to practice law in your state to represent you.Ask a similar question