Child Property — What Parents Are Not Allowed to Do by Law.

The Ukrainian legislation defines the rules for managing child property depending on the owner’s age. Until the age of 14, the interests of the child are represented by parents or guardians; however, not all actions can be performed without the mandatory permission of the guardianship authority.

Parents must adhere to certain restrictions when managing their child's property. The consent of the guardianship authority is required for concluding contracts, waiving property rights, or providing guarantees on behalf of the child.

It is prohibited to make gifts of a child's property or to arrange guarantees in their name. This is done to prevent possible abuses, even from close relatives.

The Child’s Right to Independently Dispose of Property

After reaching 14 years of age, a child acquires partial legal capacity, but needs parental permission to manage their own property. At the age of 18, they can independently dispose of their assets.

The guardianship authority must always grant written consent for any transactions involving the property of a minor.

Procedure for Obtaining Permission from the Guardianship Authority

Parents or the child must contact the guardianship authority with an application and a complete set of documents to obtain permission for a transaction. This is done to ensure the preservation of the child's property rights.

It is important that both parents provide consent for the management of the minor's property.

The Importance of State Control Over Child Property

Legislative control helps protect children from potential asset losses. Parents can be subjective in their decisions; therefore, the involvement of the guardianship authority is crucial for protecting the interests of the child.

Parents should remember the restrictions on managing child property and the procedures for obtaining permission from the guardianship authority to ensure the rights of the child.