Parental Authority and a Minor’s Assets

Parents are legal administrators of their child’s property. You manage together without a court order. A bond is required if the property earns more than ₱50,000 per year. What the child buys or receives belongs to the child. Use income only for their care and schooling. You cannot sell, give away, or use the property as collateral without court approval. Manage wisely. Protect what is theirs. ⚖️