Michigan Lady Bird Quitclaim Deed

A Michigan lady bird quitclaim deed is based on the statutes regarding power of appointment. According to Michigan Land Standards 6th Edition, Standard 9.3

Michigan Land Title Standards Act 9.3 reads: The holder of a life estate, coupled with an absolute power to dispose of the fee estate by inter vivos conveyance, can convey a fee simple estate during the lifetime of the holder. If the power is not exercised, the gift becomes effective.

In Michigan, a Lady Bird Deed Quitclaim Deed is a type of Quitclaim Deed that allows the Grantor, to transfer their property upon their death to a named beneficiary. This is a great tool for estate planning and helps to avoid probate court. These courts deal with someone's assets and belongings after they pass away. Going through this court is typically expensive and time-consuming.

As long as the Grantor lives, he/she/they are free to sell the property to someone else, give the property away as a gift, encumber the property with mortgages and liens, rent the property to tenants, and even execute a brand-new ladybird deed defeating Grantee's contingent interest in favor of someone else. Grantee(s) does/do not have any tangible rights to the property until Grantor's death when the contingency becomes vested.

Consult an estate planning attorney with questions including ladybird deeds.

(Michigan Lady Bird QCD Package includes form, guidelines, and completed example)