In article , "h"
wrote:


I happen to know that's not true, because I witnessed some of the paperwork
when the notary recorded all the changes. We're in the boonies and I'm the
closest neighbor. The notary lives down the road and makes house calls.
Absolutely everything (property) is in Jenny's name alone, even the house.
Apparently you can own anything prior to turning 18, you just can't enter
into a legal contract (there are parental consent exceptions). So, Jenny
owns the house, but the trust is named on the mortgage, since she can't
assume that debt until she turns 18. Bottom line is that she has all of the
assets and none of the responsibility for those assets, at least for the
next 7 years.

Interesting. I stand corrected. Not the first time, doubtful the last.