Lady Bird Deed Estate Planning in Michigan
If you are shopping around for a way to pass your home to someone after your death and avoid probate, you have probably come across something called a "Lady Bird Deed". These deeds are only still done in a few states, Michigan being one of them. They can be an inexpensive way to automatically transfer real estate at your death, without probate.
How does it work? A Lady Bird Deed in Michigan gives the original owner a "life estate" ownership interest in the property for their lifetime. At the original owner's death, the property automatically goes to the beneficiary listed on the Lady Bird Deed. This allows the original owner to use the property for their lifetime, sell the property if they wish and avoid probate at their passing.
Always visit with an attorney to discuss your estate planning to determine if a Lady Bird Deed is appropriate for your individual situation.
Attorney Allison Greenlee Korr handles cases in Kalamazoo, Battle Creek and all surrounding counties, call today for a consultation. 269-381-4471