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The only way I know of is to move using the 'move out' phone option (not by splitting up the family in Edit Town.
If you have the YA phone to move and, and make him the active family during the move out process, he will take everything that is in the shared family inventory. So if you put the items you want him to have in the family inventory, it goes with him. You'd have to take out anything in there you want the family to keep. The downside is the YA also takes the family funds.
If you use master controller, you can transfer money back to the family, however.