2006-08-19 17:25:03 · 15 answers · asked by hurting2sell 1 in Business & Finance ➔ Renting & Real Estate
Your Dad made an investment in you and your long term future via real estate. Honor your Dad (a good and smart investment in deed), hold the property a while longer. Cars, partying and pick-up trucks are not good investments. Your Dad is trying to help you build your own wealth. It is to your advantage to consult him for direction before you sell. He has your best interest in mind and who knows this could be a test for Dad to see if he can trust you with bigger and better things. It would be a shame to fail the test.
Birthrights have been sold for a bowl of stew because of a hungry, undisciplined belly. Don't sell yours.
2006-08-20 12:30:12 · answer #1 · answered by hithere2ya 5 · 0⤊ 0⤋
It depends - is it only in your name, or is his name also on the title? Are you 18 years of age, or the age of majority wherever you are located.
If it is only in your name, you are not incarcerated and able to legally transact a deal, then no, he can't stop you. He can, however, write you out of his will, oh, and by the way, the "value" of the property that he gave to you is taxable income to you if over the gift amount (you'll have to see a tax lawyer for the details because you provide only sketchy information), so make sure you understand all of the consequences of your actions.
2006-08-19 17:31:34 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If the title to the property is in your name, and you are old enough to enter into a contract (usually 18), then you can sell your property.
2006-08-19 17:31:09 · answer #3 · answered by Diane D 5 · 0⤊ 0⤋
Probably not. It was generous of your Dad to buy "property" for you. If he is trying to stop you from selling, he probably knows more about what's best for you than you know about yourself. Show some appreciation. Work with your Dad, not against him.
2006-08-23 00:40:31 · answer #4 · answered by Barbwired 7 · 0⤊ 0⤋
just be careful of the capital gains tax and the gift tax on the value of the property. You better find out the taxes you owe before you think of selling.
2006-08-19 17:31:33 · answer #5 · answered by Paula M 5 · 0⤊ 0⤋
i think so long as you are 18 or older, you may sell the property regardless of what your father thinks.
i say 18 because you should have to be leagally old enough to enter into a contract on your own.
2006-08-19 17:30:46 · answer #6 · answered by plasticrooster 2 · 0⤊ 0⤋
If it's in your name, it is yours. You can sell it and get all the proceeds. You must be 18 or older.
2006-08-19 18:09:22 · answer #7 · answered by beverly_chandler2005 2 · 0⤊ 0⤋
yes if you are still a minor, otherwise, you can do so, but still you have to at least inform him of your plan for formality and due respect so that there will be no miscommunication, some oldies are sentimental on how their children preserve their gifts to them.
2006-08-19 17:33:38 · answer #8 · answered by sheikaella 4 · 0⤊ 0⤋
If it's in your name and not his then there is nothing he could but threaten to knock the cowboy sh*t out of you if you insist on selling......
2006-08-19 17:31:31 · answer #9 · answered by Anonymous · 0⤊ 0⤋
If it is legally in your name, NO HE CAN NOT
2006-08-19 17:32:01 · answer #10 · answered by Skipper1974 3 · 0⤊ 0⤋