This form is a Warranty Deed with a retained Enhanced Life Estate where the Grantor is an individual and the Grantee is an individual. This form is also known as a "Lady Bird" Deed. Grantor conveys the property to Grantee subject to an enhanced retained life estate. The Grantor retains the right to sell, encumber, mortgage or otherwise impair the interest Grantee might receive in the future, without joinder or notice to Grantee, with the exception of the right to transfer the property by will. This deed complies with all state statutory laws.
Bird estate deed forms in Michigan refer to legal documents used to transfer ownership of real property from one party to another in the state of Michigan. These forms play a crucial role in maintaining accurate records of property ownership and ensuring that the transfer is legally valid. The Bird estate deed form in Michigan typically includes relevant details such as the names and addresses of the granter (current property owner) and the grantee (new property owner), a legal description of the property, and any additional terms and conditions agreed upon by both parties. It is essential to accurately complete these forms to avoid potential legal disputes. Different types of Bird estate deed forms commonly used in Michigan include: 1. Warranty Deed: This is the most common type of deed used in Michigan. A warranty deed guarantees that the granter has clear and marketable title to the property and the right to transfer it to the grantee. It also provides a warranty against any potential claims or encumbrances on the property. 2. Quitclaim Deed: A quitclaim deed is used to transfer the granter's interest in the property without providing any warranty or guarantee of clear title. This type of deed is often utilized when there is a pre-existing relationship between the granter and grantee, such as transfers between family members or during divorce settlements. 3. Special/Limited Warranty Deed: Unlike a general warranty deed, a special warranty deed only guarantees the granter's title for a specific period or during their ownership of the property. This type of deed provides less protection to the grantee, as it only covers any claims arising during the granter's ownership of the property. 4. Executor's Deed: An executor's deed is used to transfer property from a deceased person's estate to an heir, beneficiary, or purchaser. It allows the executor of the estate to sell or transfer the property in accordance with the deceased person's wishes or the court's direction. In order to ensure a smooth transfer of property ownership in Michigan, it is recommended to consult with a qualified real estate attorney or professional to choose the appropriate Bird estate deed form and to ensure compliance with the state's legal requirements and regulations.
