Life estate deed 2026

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The document is a guide for completing and filing a Michigan Enhanced Life Estate Deed, also known as a Lady Bird Deed, which allows an individual to transfer property to multiple individuals while retaining control during their lifetime. It includes instructions on filling out the forms, details about exemptions from real estate transfer taxes, and explanations of concurrent ownership types in Michigan. Additionally, it contains disclaimers regarding the use of the forms and legal advice.

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Click ‘Get Form’ to open the life estate deed in the editor.
Begin by entering the Grantor's name and address in the designated fields. Ensure accuracy as this identifies the individual transferring the property.
Next, input the Grantees' names and addresses. This section should include all individuals receiving ownership of the property.
Specify how the Grantees will hold the property (e.g., Tenants in Common or Joint Tenants with Right of Survivorship) by selecting from available options.
Fill in the legal description of the property, including Tax Identification Number, ensuring it matches official records for clarity.
Indicate any exemptions from real estate transfer tax if applicable, referencing MCL sections as needed.
Finally, have the Grantor sign and date the document. A notary public must acknowledge this signature for legal validity.

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