This form is a Enhanced Life Estate Deed, a.k.a. a Lady Bird Deed, where the Grantors are two individuals, or husband and wife, and the Grantees are four (4) individuals. This transfer is revocable by either Grantor until their death and effective only upon the death of the last surviving Grantor. This deed complies with all state statutory laws.
Wayne Michigan Enhanced Life Estate Deed — Husband and Wife / Two Individuals to Four Individuals is a legal document used in Wayne County, Michigan, to transfer property ownership from a married couple or two individuals to four individuals as beneficiaries. This type of deed is also known as a Lady Bird Deed or an Enhanced Life Estate Deed. In an Enhanced Life Estate Deed, the granters (husband and wife or two individuals) retain a life estate in the property, allowing them to live on and use the property during their lifetime. However, upon their death, the property automatically transfers to the named beneficiaries without the need for probate. This type of deed offers certain advantages, including avoiding probate, protecting the property from Medicaid recovery, and allowing the granters to maintain control over the property during their lifetime. It provides flexibility and ensures a smooth transfer of ownership to the beneficiaries. Some keywords relevant to Wayne Michigan Enhanced Life Estate Deed — Husband and Wife / Two Individuals to Four Individuals are: 1. Wayne County, Michigan 2. Legal document 3. Property ownership transfer 4. Married couple 5. Two individuals 6. Beneficiaries 7. Lady Bird Deed 8. Enhanced Life Estate Deed 9. Life estate 10. Probate avoidance 11. Medicaid recovery protection 12. Property control 13. Smooth transfer of ownership. Overall, the Wayne Michigan Enhanced Life Estate Deed — Husband and Wife / Two Individuals to Four Individuals provides an efficient and customizable method for transferring property ownership while ensuring the granters' lifetime use and control over their property.Wayne Michigan Enhanced Life Estate Deed — Husband and Wife / Two Individuals to Four Individuals is a legal document used in Wayne County, Michigan, to transfer property ownership from a married couple or two individuals to four individuals as beneficiaries. This type of deed is also known as a Lady Bird Deed or an Enhanced Life Estate Deed. In an Enhanced Life Estate Deed, the granters (husband and wife or two individuals) retain a life estate in the property, allowing them to live on and use the property during their lifetime. However, upon their death, the property automatically transfers to the named beneficiaries without the need for probate. This type of deed offers certain advantages, including avoiding probate, protecting the property from Medicaid recovery, and allowing the granters to maintain control over the property during their lifetime. It provides flexibility and ensures a smooth transfer of ownership to the beneficiaries. Some keywords relevant to Wayne Michigan Enhanced Life Estate Deed — Husband and Wife / Two Individuals to Four Individuals are: 1. Wayne County, Michigan 2. Legal document 3. Property ownership transfer 4. Married couple 5. Two individuals 6. Beneficiaries 7. Lady Bird Deed 8. Enhanced Life Estate Deed 9. Life estate 10. Probate avoidance 11. Medicaid recovery protection 12. Property control 13. Smooth transfer of ownership. Overall, the Wayne Michigan Enhanced Life Estate Deed — Husband and Wife / Two Individuals to Four Individuals provides an efficient and customizable method for transferring property ownership while ensuring the granters' lifetime use and control over their property.
