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Michigan Lady Bird Deed Form

Michigan Lady Bird Deed Form

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Instructions and help about life estate deed

hi there this is Chris Perry certified outlaw attorney with Castle wealth group legal and today on Barry's bites which are just bite-sized pieces of knowledge on estate planning elder law asset protection today we're going to talk about ladybird deeds or what is a ladybird deed so a ladybird deed is a type of deed we use a lot in our office and it's the type of deed that works for your home or other pieces of real estate where the home would remain in your name and upon death it avoids probate and goes to whoever you've named as a beneficiary so it acts almost like a beneficiary designation for your home so you can refinance it you can do whatever you want with it while you're alive but then if you were to pass away it avoids probate and goes to whoever you've listed as a beneficiary which a lot of times might be a trust so it's a great way to fund a living trust now also what a ladybird deed does is that it avoids a state recovery as we have it right now in Michigan and it takes a mom

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