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Quitclaim Deed - One Individual to Five Individuals Subject to Retained Life Estate - Michigan

Quitclaim Deed - One Individual to Five Individuals Subject to Retained Life Estate - Michigan 2026

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The document is a Michigan Quitclaim Deed form, which facilitates the transfer of property from one individual to multiple individuals while reserving a life estate for the grantor. It includes instructions for completing the form, a disclaimer regarding its legal use, and sections for entering relevant information about the parties involved and the property being conveyed.

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Click ‘Get Form’ to open the Quitclaim Deed in the editor.
Begin by filling in the Grantor's name and address. This identifies who is transferring the property.
Next, list the Grantees' names and addresses. Ensure all individuals receiving the property are included as tenants in common.
Provide a detailed legal description of the real estate being conveyed. If necessary, attach Exhibit A for clarity.
Fill in the Tax Item Number and any relevant considerations for the transfer, such as monetary value or other forms of compensation.
Indicate any easements or restrictions that apply to the property, ensuring compliance with local regulations.
Specify that a life estate is retained by the Grantor, including their name for legal clarity.
Finally, sign and date the document. Ensure it is acknowledged by a Notary Public for it to be legally binding.

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What is a life estate quit claim deed?

A quitclaim deed is a simple tool for transferring interest in a property without guaranteeing that the grantor has valid ownership. Its most commonly used in non-sale situations, such as transfers between family members, or to update or clarify ownership titles.

What is a life estate deed in Michigan?

Quitclaim deed requirements in Michigan You will need to include the following: A phrase indicating that the grantor quit claims to the property (Section 565.152) A legal description of the property (Section 565.152) The sum of money that the property title is exchanged for (can be arbitrary) (Section 565.152) Michigan Requirements for Quitclaim Deeds - LegalZoom LegalZoom articles michigan-require LegalZoom articles michigan-require

What is a quitclaim deed with life estate?

An Enhanced Life Estate Deed, also commonly known as a Ladybird Deed, is a Quitclaim Deed that helps you transfer your property to another within your lifetime to make the transition after your death easier. Enhanced Life Estate Deed: Definition and Examples - Trust Will Trust Will learn enhanced-life-estate-deed Trust Will learn enhanced-life-estate-deed

Does a quitclaim deed avoid probate in Michigan?

Quitclaim deeds can be a helpful tool for transferring ownership of property - and they can even help parties avoid probate court. Quit Claim Deed Loopholes: How to Avoid Probate - Trust Will Trust Will learn quit-claim-deed-loopho Trust Will learn quit-claim-deed-loopho

What is the main purpose of a quitclaim deed?

A life estate is created by a deed that gives the property to the person for life and identifies what should happen to it after that person dies. For example, a deed stating that land would go to John Doe for life, then to Jane Doe gives John a valid life estate, and Jane a remainder.