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Lady Bird Deed Michigan Form. Before obtaining the nickname of ladybird deed this type of transfer was commonly referred to as an enhanced life. A Michigan lady bird deed form allows a person to retain control over Michigan real estate during his or her life and automatically transfer the real estate at his or her death.
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Its helpful to know that this deed is also known as an enhanced life estate deed. In addition to Medicaid planning ladybird deeds can also be used as an estate planning tool for both single individuals and married couples. A Michigan lady bird deed form allows a person to retain control over Michigan real estate during his or her life and automatically transfer the real estate at his or her death.
Once the owner dies the property is transferred automatically to new owners without the need for probate.
In Michigan a Lady Bird Deed also known as a Ladybird Deed or Enhanced Life Estate Deed is a type of Quitclaim Deed that allows you the creator to transfer your property upon your death to a named beneficiary without having to go through the expensive and time consuming Probate process. The Lady Bird Deed in Michigan also known as a beneficiary deed is a great way to avoid probate. Lady Bird Deed Michigan Form. Lady Bird Deed legal in Texas.
