You have to be 18 to have any real assets to your name.
The legal age to own real estate in Illinois is 18 years old. Minors can own real estate in Illinois, but it is often held in a trust or through a guardian until they reach the age of majority.
Car repo is covered by its own law. So No
They can attach anything you own anywhere.
A minor cannot legally own property. Property can be held in trust for the minor until they reach the age of majority, usually 18.
The state's legal age of majority is 18. For ages 16-17 you must get an emancipation order from the court which may be limited to specific areas.
A minor cannot legally own property. Property can be held in trust for the minor until they reach the age of majority, usually 18.
{| |- | The age of majority in Illinois is 18. At that point the individual can contract and handle there own affairs. That would be the point that the trust would end. |}
No. Property can be held in trust for the minor until they reach the age of majority.
Yes, but you cannot own property without being emancipated.
You can own a vehicle at any age, you can drive it on private property so long as you have the permission of the land owner.
As of 2007, Lake County has the highest property taxes in Illinois