Posted by Nate on February 23, 2001 at 14:44:43:
I am not sure why you want to get real estate into the name of your kid anyway. Make sure you check with your accountant because kids under age 14 who earn too much money or have too many investments in their own name can create all kinds of screwy tax situations.
Assuming you have a good reason and have verified that it will not create a tax problem,
Why not use a trust? Make yourself the trustee, even.
Why not establish a Roth IRA for the kid NOW? You can pay him/her $2000 per year (if you own a business, you can do this as long as the kid actually does some work – emptying the trash or answering the phone, you get my idea) and put it in the Roth IRA and invest that way. You could have his/her retirement paid for before she goes to college!