A Michigan Affidavit as to Termination of Joint Tenancy with Right of Survivorship by Surviving Tenant (One Tenant is Deceased) is a legal document that is used to remove the deceased tenant's name from the joint tenancy with right of survivorship ownership of real property in Michigan. This affidavit serves as proof that the surviving tenant is now the sole owner of the property. In Michigan, there may be different types or variations of this affidavit, depending on the specific circumstances. Some common variations include: 1. Michigan Affidavit as to Termination of Joint Tenancy with Right of Survivorship by Surviving Tenant (One Tenant is Deceased) — Individual-Owned Property: This type of affidavit is used when the deceased tenant held the joint tenancy property solely in their name, and the surviving tenant wishes to terminate the joint tenancy and become the sole owner. 2. Michigan Affidavit as to Termination of Joint Tenancy with Right of Survivorship by Surviving Tenant (One Tenant is Deceased) — Co-Owned Property: This variation is applicable when multiple surviving tenants are the co-owners of the property with the deceased tenant, and one of the co-owners has passed away. The remaining co-owners can use this affidavit to terminate the joint tenancy and redistribute the ownership shares among the surviving co-tenants. 3. Michigan Affidavit as to Termination of Joint Tenancy with Right of Survivorship by Surviving Tenant (One Tenant is Deceased) — Limited Property: This specific affidavit applies when the joint tenancy property is subject to certain limitations or restrictions, such as a life estate or a trust. It allows the surviving tenant to terminate the joint tenancy and clarify the new ownership rights within the specified limitations. In all of these variations, the Michigan Affidavit as to Termination of Joint Tenancy with Right of Survivorship by Surviving Tenant (One Tenant is Deceased) must be executed by the surviving tenant and notarized. It is essential for the affidavit to include accurate details regarding the property, the deceased tenant, and the surviving tenant, as it serves as evidence of the termination of the joint tenancy. Keywords: Michigan, Affidavit, Termination, Joint Tenancy, Right of Survivorship, Surviving Tenant, Deceased, Legal Document, Real Property, Sole Owner, Co-Owned Property, Limited Property, Individual-Owned Property, Notarized.
Michigan Affidavit as to Termination of Joint Tenancy with Right of Survivorship by Surviving Tenant (One Tenant is Deceased)
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How to fill out Michigan Affidavit As To Termination Of Joint Tenancy With Right Of Survivorship By Surviving Tenant (One Tenant Is Deceased)?
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