Iron County Warranty Deed with Enhanced Life Estate Forms (Michigan)

Form Package

Warranty Deed with Enhanced Life Estate

State

Michigan

Area

Iron County

Price

$27.97

Delivery

Immediate Download

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Included Forms

All Iron County specific forms and documents listed below are included in your immediate download package:

Included Supplemental Documents

The following Michigan and Iron County supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Warranty Deed with Enhanced Life Estate Forms:

• Iron County

Including:

• Alpha
• Amasa
• Caspian
• Crystal Falls
• Gaastra
• Iron River
• Stambaugh

What is the Michigan Warranty Deed with Enhanced Life Estate

A warranty deed with enhanced life estate is sometimes referred to as a ladybird deed. When correctly executed and recorded, this deed provides the structure for a non-testamentary transfer of real property. Leaving the real property out of a will allows the transfer to occur without the need for probate.

The grantor conveys the real estate back to herself, but reserves a life estate with full power to sell, mortgage, change the beneficiary, or otherwise use the property with no penalty for waste or obligation to inform the beneficiary. When the grantor dies, the property rights, if still available, transfer to the default beneficiary.

To finalize the conveyance, the beneficiary must file a property transfer affidavit within 45 days of the grantor's death. Submit the form to the assessor's office located in the same county as the real estate.

(Michigan WD with Enhanced Life Estate Package includes form, guidelines, and completed example)

Our Promise

The documents you receive here will meet, or exceed, the Iron County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Save Time and Money

Get your Iron County Warranty Deed with Enhanced Life Estate form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

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