Are you buying property in the name of your children?
All parents want to give their children a future like gold. They buy properties in the name of their children. They start FAs. They get milk seals. All this is not in the name of the children.. but for the children, it seems to be the right financial policy. With the right choice, the responsibility of the parents will not be burdened.
The first priority of parents is their children! The health and education of the children.. After these, they think of anything else. They notice the field in which their children are interested.. and prepare themselves before them to excel in it. When they reach the tenth grade, they sift through intermediate colleges. By the time they finish their intermediate, they have a list of engineering colleges in advance and search. If they want to study medicine, if they do not get a free seat.. they are ready to send them abroad. Even though they say that they cannot afford the experiences of the middle class financially..
They are ready to bear all this before the future of their children. In this order, some people build houses in the name of their children. They do things like buying land, buying houses, and making FA in the name of their daughter and son. However, it is not financially right to accumulate assets in their names, even when the children are minors or even after they become majors.
No, this is not right.
A man is a government employee, has a daughter and a son. When the child was born, he bought a plot in Aaggu. He got it registered in the name of his daughter. Years passed, he educated both his son and daughter equally. As the children’s education and family responsibilities increased, he could not accumulate any more property. His daughter got a government job. In the meantime, the marriage was fixed. He made a fuss, offered the dowry demanded by the Viyyas and got married in a grand manner. He wanted to send his son abroad, but he did not have a single piece of cloth in his hand. The loan for the child’s marriage is still outstanding. Now, even if the plot bought in the name of the daughter is sold, the needs will not be met. He told the same thing to his daughter. ‘Okay, father! Let’s go. After registering, the matter came to the notice of the in-laws. *How will you sell what is in the name of our daughter-in-law?’ said the elders of the house. After several discussions, they agreed to give 30 percent to Narahari. The daughter felt sorry that she had embarrassed her father who had done so much to her in this entire transaction. Narahari got angry because of differences of opinion with the Viyyam family. All this happened because he registered the plot in the name of his daughter. If it had been in his name.. he would have married his daughter without taking out a loan. He would have given some money to his son too.
You are the rightful owner.
Not only Narahari.. Many parents invest in the name of their children. This may not be wrong. When you have assets beyond counting, it seems like a good idea to do so. But, putting one or two assets in the name of your children can lead to extreme situations in the future. In these days when money is given first priority, passing on assets to your children is like putting your life at risk. It is fair to save for them. But, it is not right to want to keep them in their name. Even if your daughter buys a property for her medical studies or makes a fixed deposit of ten lakhs, you should be the rightful owner of it. It is up to you to give them to your children for their education, marriage, or business! If it is in their name.. you can sell the property without their knowledge. Then you may be able to defend them morally, but you cannot challenge it legally. The elders did not just say ‘Ki Denchi Melenchu’. Accumulate assets for your children. Make sure that they are in your name and property
According to the needs..
You should prepare plans in advance for your children’s higher education. Engineering fees, which are now one lakh rupees, will become four lakhs after fifteen years. A four-year course requires at least fifteen lakhs. Invest accordingly. Identify your future financial needs to meet your children’s education and invest in policies, mutual funds, and other sectors. Realize that investing without estimating how much you will need will not fulfill your goals. property
✨ About Me
Hi! I’m Manikanta Reddy, a passionate finance enthusiast with a strong understanding of money management, personal finance, and smart investment strategies. I believe financial literacy is the foundation of a secure and stress-free life — and I’m here to share practical insights, real-life examples, and simplified advice to help you make better financial decisions.
Whether it’s choosing between paying off a loan or investing, building emergency funds, or planning for retirement — I love breaking down complex topics into easy, actionable tips that anyone can follow.
Let’s learn, grow, and build wealth — the smart way. 💰
super sir