Lady Bird Deeds
Michigan Lady Bird Deed Attorney
Handling Lady Bird Deeds for Clients in the Utica Area
When structuring your estate and planning for the future, it is important that all
aspects of estate planning be considered. Attorney
Douglas A. Tull has over 34 years of experience handling a wide range of
estate planning matters for clients and their families. He has an extensive understanding
of the many types of resources that may be utilized when creating a plan to protect
your estate, including the use of Lady Bird deeds.
What is a Lady Bird deed?
Also known as an enhanced life estate deed or “pay on death” deed, a "Lady
Bird" deed is one type of property transfer that allows an individual, while
living, full use of the property, including the ability to sell or mortgage the
property. In Michigan it is permitted by Michigan's Land Title Standard Section
9.3. A Lady Bird deed can be an alternative to the transfer of real estate to a
Trust. It also is an attractive alternative to the "quit claim deed" creating
a joint ownership with children (which Attorney Tull strongly discourages). Property
which has been conveyed using a Lady Bird deed, properly drawn, will not be subject
to probate, so it is a good probate avoidance technique.
Usually, the issue of a Lady Bird deed is brought up by a knowledgeable lawyer when
exploring your options for estate planning. This type of deed is not available in
all states, but is available for real property in Michigan. To learn more about
how a Lady Bird deed may be beneficial to you, your beneficiaries and your estate,
contact the Utica office of Douglas A. Tull,
P.C., Attorney at Law, today and schedule an appointment with Mr. Tull
How does a Lady Bird deed work?
A Lady Bird deed works much like a pay on death bank account, where the account
owner has full power over the account until death, but upon death the account is
transferred to the named beneficiary.
Experienced Lady Bird deed lawyer
This is a type of deed best not left to a real estate broker, title company employee
or a do-it-yourself homeowner/estate planner. Not even all attorneys understand
how to put a Lady Bird deed to use for their clients. Mr. Tull has handled numerous
cases where Lady Bird deeds have been successfully utilized for his clients' advantage.
For more information about Lady Bird deeds and how they can be used to protect your
estate, or information on how to avoid probate, please call locally at 586-726-5742, toll-free at 1-866-TULL-LAW
(885-5529), or e-mail our firm. Our office
is conveniently located in the heart of Utica, Michigan, at the southwest corner
of Hall Road (M-59) and Van Dyke Avenue. (Map and directions ) Evening or weekend hours are available
by appointment. Home visits are available for the elderly and those with special
needs. Credit cards accepted.