Michigan trustee 2025

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The document is a Warranty Deed form prepared by U.S. Legal Forms, Inc. for use in the State of Michigan. It provides instructions on how to complete the form using Microsoft Word, including details on filing requirements and exemptions related to real estate transfer taxes. The deed facilitates the transfer of property from a trustee to an individual, outlining necessary information such as consideration paid, legal descriptions, and notary acknowledgment. Additionally, it includes disclaimers regarding the use of the forms and legal advice.

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Click ‘Get Form’ to open the Michigan Trustee Warranty Deed in the editor.
Begin by entering the Grantor's name and address in the designated fields. Ensure that you specify the Trust Agreement date and Trust Number accurately.
Next, fill in the Grantee's information, including their marital status and address. This is crucial for legal identification.
Provide a detailed legal description of the property being conveyed. If necessary, attach Exhibit A as instructed.
Indicate the consideration amount for the property transfer or mark it as exempt if applicable under M.C.L.A. 207.505.
Complete any additional sections regarding taxes and rights to make divisions under the Land Division Act as required.
Finally, ensure all signatures are completed, including notarization, before saving your document.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What can a trustee do and not do?

In Wayne County, Michigan, for instance, professional trustee companies might charge a fee between 1% and 1.5% per year of the assets managed. A personal representative of an estate who is not a professional might reasonably be paid $30-$40 per hour for their time spent on behalf of the estate.

Who can serve as a trustee in Michigan?

Michigan law states that a trustee must be 18 years of age or older, and be of sound mind. This sounds simple enough; however, choosing a trustee is a bit more complicated. A trustee must possess specific skills that ensure your estate will be distributed properly.

Who can be a trustee in Michigan?

Basically, there are several options when choosing a trustee: Family member. Institution (bank) Professional advisor known to family, or attorney.