And would he get to keep the money? Or would it go to his new caretaker? Could he choose? If it went to the caretaker would s/he get it in cash or in the bank or what? What would social services do?
2006-11-02 12:33:46 · 13 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
Hmmm,don't tell me you did something to your parents!!!!!!LOL
2006-11-02 12:35:55 · answer #1 · answered by ♥Sunflower 5 · 1⤊ 0⤋
First of all a 16 yr. old is not an adult by any means and absolutly cannot enter into any legal agreement. He doesn't own the house and if his parents aren't dead they still own it or owe for it or whatever. Regardless he is a child, not an adult. He will become a ward of the State and they would probably let him live with an adult that is responsible and wants him and passes their criteria for being a foster parent.If there is no family members willing then they may let another adult friend become his foster parent. The home would be sold. If it's not paid for the money would go to the bank or mortgage company that really still owns it. The parents are where? Are they alive? Something sounds fishy here. Back to the question. The house, if it is paid for and they are alive, they own it and will continue to own it as long as they pay taxes on it and stay in legal control of the property. Only when they are deceased will it go to the heirs and probably through probate where they make sure all bills they owe are paid and the will, it there is one will be honored unless someone contests it, that can take a two yr. period and lots of money for lawyers and court costs and someone to manage the assets. It's a really complicated question and a very strange one to be asking?
2006-11-02 20:50:47 · answer #2 · answered by MISS-MARY 6 · 0⤊ 0⤋
Knowing our benevolant, all protecting and all consuming banking/government system. They'd end up with the profits. The 16 year old would be placed in the "system" and transformed into a criminal before he drops out of highschool. The U.S. government/banking system would absorb any profits from the property so the young lad can pay them back for creating such a rosy future for him.
2006-11-02 20:39:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Not sure why you'd ask such things, but, one thing you SHOULD know is, the second you clicked "submit", your question became part of a permanent public record that can be traced back to your computer by the authorities - assuming something questionable happened, such as parents "suddenly vanishing".
Hope your question is simply a twisted hypothetical, for the sake of everybody.
2006-11-02 20:48:17 · answer #4 · answered by happy heathen 4 · 0⤊ 0⤋
If they just vanished, they would still own the house. He would have to wait a period of years, attempt to get them declared dead, and then all of thier heirs would equally split the property unless there was a will.
He would be assinged a guardian and may or may not even be allowed to remain in the home.
2006-11-02 22:15:32 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I think if he was left alone then he wouldnt have a care taker so that answers that question and if he had a care taker then he needs to consult a bank about getting some of the profit from selling a home that belonged to his parents......U FEEL ME
2006-11-02 20:38:16 · answer #6 · answered by ? 3 · 0⤊ 0⤋
NO!!!!!! you wouldnt be left to you to sell. depending if they have a living will and who is the beneficiary. If you are the soul beneficiary for some money it would go into a account for you till your old enough depending how things are set up with the vanished parents!!!!
2006-11-02 20:40:42 · answer #7 · answered by k e 1 · 0⤊ 0⤋
FIVE QUESTIONS......
NO A 16 YR OLD CANNOT SELL THE HOUSE
THEREFORE, THERE IS NO MONEY TO KEEP
THE ESTATE COULD SELL THE HOUSE AND
THE MONEY PUT IN AN INTEREST BEARING
ACCOUNT UNTIL YOU COME OF AGE OR
WHATEVER YOUR PARENTS WILLS STATE.....
VANISHED IS NOT GOOD ENOUGH - YOU HAVE TO PROVE THEM DEAD....SOCIAL SERVICES
WOULD FIND A FOSTER HOME FOR YOU...COULD BE A RELATIVE OR NOT.
2006-11-02 20:37:46 · answer #8 · answered by Anonymous · 0⤊ 0⤋
no one can sell the house until its in that persons name or he/she becomes the heir or power of attorney. that 16yr would then be taken by social services and put in a foster home as well if the parents "vanished".
2006-11-02 20:37:32 · answer #9 · answered by justanswerin 2 · 0⤊ 0⤋
It would have to go through probate and would take considerable time... in determining the reason for the parents disappearance.
2006-11-02 20:36:32 · answer #10 · answered by j H 6 · 0⤊ 1⤋
no, a minor can't sell a house, if a will doesn't exist state law will sort things out.
2006-11-02 20:37:08 · answer #11 · answered by Anonymous · 0⤊ 0⤋