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Michigan Enhanced Life Estate Deed Form

Michigan Enhanced Life Estate Deed Form

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What makes the life estate deed michigan legally valid?

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Instructions and help about life estate deed

We often get the question, is it better to utilize a ladybird deed? Or vocable living trust when figuring out how to dispose of my real estate after I pass away? And it's a really good question, the simple answer is a revocable living trust is going to give you more options and more flexibility. Let me explain why. With a ladybird deed, essentially, you're saying, I am deeding this property to myself, and if I can rent it, I can sell it, do whatever I want. But if I don't do any of those things, then here are the people who should inherit my property after I pass away. That could be one or more typically children, but it really could be anybody. And the only problem with that is what happens if one of those people pre decease you. Right? So you pass away and you haven't made a change to your ladybird deed, you now have a portion of your real estate that is supposed to go to someone who has is now deceased. And now that person's estate has to be o

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