This form is a Personal Representative's Deed where the grantor is the individual appointed as Personal Represenative of an estate and the grantee is the beneficiary or heir at law of the real property from the estate. Grantor conveys the described property to grantee and only covenants that the transfer is authorized by the Court, that the grantor has done nothing while serving as administrator to encumber the property, an dthat the Grantor will defend title but only as to individuals claimanting by, through and under Grantor. This deed complies with all state statutory laws.
Michigan Personal Representative Deed With Right Of Survivorship
State:
Michigan
Control #:
MI-039-77
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Michigan Personal Representative's Deed Of Distribution To An Individual?
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FAQ
Michigan is one of the more than twenty-five states that now allow the use of TOD deeds, and more states are considering adopting laws that allow them. You do not have to actually live in a state that allows TOD deeds to be able to use one, but the property must be located in such a state.
A Personal Representative in Michigan is the same thing as an Executor. Other states refer to the Personal Representative as the Executor, so it can create some confusion. You also may see this role referred to as ?Executor of the Estate? or ?Estate Administrator?.
If the estate is not settled within a year of the first personal representative's appointment, file a Notice of Continued Administration with the court stating why the estate must remain open.
In Michigan, real estate can be transferred via a TOD deed, also known as a beneficiary deed. This deed allows a property owner to designate a beneficiary who will automatically inherit the property upon the owner's death, avoiding probate.
An executor of a deceased person's estate typically has to show an accounting of the estate to the beneficiaries and heirs unless the beneficiaries and heirs waive their privilege.