A lady bird deed is anonprobatetransfer. Real estate transferred by lady bird deed passes outside of probate and does not become part of the probate estate. Because a will only controls assets that are part of the probate estate, and because property that passes by lady bird deed is not p...
What Is a Lady Bird Deed and Should Retiree Get One?
Esq., CELA explains what a lady bird deed is in Michigan and why you may want to use it as a tool. Though you should consider whether a lady bird deed or Castle Trust™ makes more sense if long-term care is a concern.
Understanding Lady Bird Deed: What Is It and How It Works Key Features of a Lady Bird Deed When to Use a Lady Bird Deed: Determining If a Lady Bird Deed is Right for You Benefits and Drawbacks of Using a Lady Bird Deed How to Create a Lady Bird Deed: Step-by-Step Guide How Is a...
A Lady Bird deed also allows the grantor to live on the property until their death and then transfers it to the grantee. What makes a Lady Bird deed different is that the grantor retains the right to sell or mortgage the property. The grantor's interest is called a life estate, and the...
A Lady Bird Deed is a great tool to avoid probate and avoid estate recover/Medicaid Spend-down in Michigan as long as your plan on keeping the home a home. If you are looking to sell the home while alive, then maybe you should consider a Castle Trust™....
But when all was said, Delafield, unconsciously, was drawing her towards him, as the fowler draws a fluttering bird. It was the exquisite24 refinement17 of those spiritual insights and powers he possessed25 which constantly appealed, not only to her heart, but--a very important matter in ...