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Which answer best describes the document called the transfer affidavit

Transfer affidavit form 2025

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The document outlines the process for transferring property of a decedent in Wisconsin when the total gross value does not exceed $50,000. It includes an affidavit form that must be completed by an heir, trustee, or guardian, detailing the decedent's information, property value, and any benefits received. The affiant assumes responsibility for settling obligations and distributing remaining assets according to legal statutes. Additionally, it specifies requirements for notifying the Department of Health Services if certain benefits were received by the decedent or their spouse.

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2010	4.8 Satisfied (100 Votes)

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What is a transfer affidavit?

A Property Transfer Affidavit must be filed whenever real estate or some types of personal property are transferred (even if you are not recording a deed). It is used by the Assessor to ensure the property is assessed properly and receives the correct Taxable Value.

What best describes the document called the transfer affidavit?

Transfer affidavit forms contain basic property Information and include reasons for the transfer. Transfer affidavits determine what, if any, taxes are due because of the transfer between a buyer and a seller.

Is an affidavit the same as a deed?

An affidavit is a sworn statement, made in front of a notary or other officer authorized to administer oaths. An affidavit of deed confirms delivery and acceptance of a deed by the grantee, and thereby its validity.

Who fills out a property transfer affidavit in Michigan?

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.

How to transfer property from one person to another in Michigan?

A Michigan property owner transfers title to real estate by signing and recording a deed. A deed allows the current owner (grantor) to transfer real estate to a new owner (grantee). Depending on the situation, there may be multiple grantors or multiple grantees within a single deed.