Michigan Gift Deed

State:
Multi-State
Control #:
US-OG-053
Format:
Word; 
Rich Text
Instant download

Description

This Gift Deed conveys to the Grantee all of the Grantors interest in lands (including all surface, mineral, and royalty interests).

How to fill out Gift Deed?

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FAQ

To do so, the original property owner must add a new co-owner to the deed and choose a form of co-ownership that includes a right of survivorship. Michigan recognizes two co-ownership forms with a right of survivorship: joint tenancy with right of survivorship and tenancy by the entirety.

There will be a $30 recording fee. If you prepare a quitclaim deed using the Do-It-Yourself Quitclaim Deed (after Divorce) tool, detailed instructions on what to do next will print out along with the deed.

One of the most common types of deeds people are familiar with in Michigan are quitclaim deeds. These are used to quickly transfer property and are done using forms filed with the county. The document gives the person signing for the property the same interests in the real estate currently held by the existing owner.

Sign and date the quitclaim deed in a notary's presence, then file it with the County Register of Deeds Office in the property's county, not the county where you live. Once the deed is filed and recorded, the transfer is deemed legal.

Affidavit must be filed by the new owner with the assessor for the city or township where the property is located within 45 days of the transfer. The information on this form is NOT CONFIDENTIAL.

There are different options to have property transferred to another person. Simply adding someone's name to a property through the use of a quit claim deed or a similar document gives you the ability to gift real estate while you are still alive.

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Michigan Gift Deed