If my dad fraudulently handles my property, will he be held liable?

Full question:

I am a minor. My dad manages my property. He has been into gambling a lot these days. I fear he might sell stuff for money. My dad says that he is not answerable to me. Is my dad correct? We live in Louisiana.

  • Category: Minors
  • Date:
  • State: Louisiana

Answer:

In Louisiana, each parent has a right and the obligation to administer his or her child’s property in a prudent manner. If the parent causes any damage to the property by fraud, default, or neglect then the parent may be answerable to the child. The relevant statute is. La. C.C. Art. 229. It reads:
 
“Each parent has the right and the obligation to administer the property of the child. The parent must do so as a prudent administrator and is answerable for any damage caused by his fraud, fault, default, or neglect. An action for failure to perform this obligation is subject to a liberative prescription of five years that commences to run from the day the child attains the age of majority.”

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Gambling can be harmful to minors because it can lead to addiction, financial problems, and negative impacts on mental health. Minors may not fully understand the risks involved and could make poor decisions that affect their future. Additionally, gambling can interfere with education and healthy social development.