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.
This is why you should not deed your home to a revocable living trust if you are a married and living in Michigan. What about a Castle Trust™? A Castle Trust™ might be a step up above a Lady Bird Deed, depending on your goals. A Castle Trust is a type of trust that avoids ...
Lady Bird deeds are currently only authorized in Florida, Michigan, Texas, Vermont, and West Virginia. Approximately half of the U.S. states have what is called a transfer on death (TOD) or beneficiary deed, which is similar to, and may be preferable to, a Lady Bird deed. TOD deeds de...
These two features—retained control during life and automatic transfer at death—make lady bird deeds popular estate planning tools in the states that allow them. Lady bird deeds are available in several states, includingFlorida,Texas, andMichigan. How much does a lady bird deed cost? The cost...
A lady bird deed is a legal document that defines the rights of a property owner and his or her heirs. It allows the owner to...
What Is a Lady Bird Deed and Should Retiree Get One?
Quick 15-minute attorney consultation and personalized. Avoid probate in Florida with a Lady Bird Deed and transfer real estate fast with a Quitclaim Deed.