If a dad owns a insurance policy on his 18 yr outmoded son, does the son own to sign it?
Assuming you're talking about a enthusiasm insurance policy, if the policy was taken out when the child is a minor, then the child does NOT own to sign anything.
Spartan Warrior, the fellow above is correct.
It is repeatedly advisable to have another person own the policy when estate taxes are contemplated.
If you plan on becoming lavish, you better hope he has a giant policy on you. He can assign his ownership later, even prior to his demise, instead of by bequest.
Further, he could establish an irrevocable time insurance trust, funded by that policy.
You are in an excellent position.
Wish more people have dads who thought ahead.
Remember this:
Proper Prior Planning Prevents Pathetically Poor Performance.
Answers: Only if the polciy is applied for after the son is 18.
If the policy was taken out when the son was a child the father can hold it even though the son is now an adult.