Free Transfer-on-Death Deed Form for Michigan
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Preview - Michigan Transfer-on-Death Deed Form
Michigan Transfer-on-Death Deed Template
This Transfer-on-Death Deed is intended to comply with Michigan laws, specifically pursuant to 2013 Public Act 239. It allows the property owner to designate one or more beneficiaries who will receive the property upon the owner's death without the need for probate.
By completing this form, the Grantor hereinafter referred to as "Owner," designates the following individual(s) as the beneficiary(ies) of the property specified below.
Owner Information:
- Name: ______________________________________________
- Address: ____________________________________________
- City: ________________________ State: ______ Zip: _____
Beneficiary Information:
- Name of First Beneficiary: __________________________
- Address: ___________________________________________
- City: ________________________ State: ______ Zip: _____
If there is more than one beneficiary, please provide their details below:
- Name of Second Beneficiary: ________________________
- Address: ___________________________________________
- City: ________________________ State: ______ Zip: _____
Property Information:
- Address of Property: __________________________________
- City: ________________________ State: ______ Zip: _____
- Legal Description: _________________________________________________
By signing below, the Owner declares this Transfer-on-Death Deed as their intention and agrees to the terms contained herein. The Owner affirms that they understand the implications of this deed as outlined by Michigan law.
Owner’s Signature: _______________________________
Date: _______________
This deed must be recorded with the county register of deeds where the property is located to be effective.
Create Other Common Transfer-on-Death Deed Forms for Different States
Where Can I Get a Tod Form - The process of creating a Transfer-on-Death Deed is generally simple and direct for property owners.
Transfer on Death Affidavit - This deed is effective immediately upon the owner's death, negating the need for court involvement in the transfer process.
For those looking to ensure a smooth transaction, utilizing a proper Golf Cart Bill of Sale document is crucial in Florida. This form serves to confirm the sale of a golf cart between parties, outlining necessary information like buyer and seller details, the agreed price, and specific terms of sale. You can find a reliable resource for creating this document at the Florida Golf Cart Bill of Sale form guide.
Texas Life Estate Deed Form - Some family members may prefer a Transfer-on-Death Deed arrangement to stay informed about inheritance matters beforehand.
Similar forms
- Will: A will outlines how a person's assets will be distributed after their death. Like a Transfer-on-Death Deed, it allows individuals to designate beneficiaries for their property.
- Motorcycle Bill of Sale: The Auto Bill of Sale Forms specifically cater to motorcycle transactions, ensuring legal protection and proper documentation for buyers and sellers in Ohio.
- Living Trust: A living trust holds property during a person's lifetime and specifies how it should be distributed upon death. Both documents facilitate the transfer of assets without going through probate.
- Beneficiary Designation Forms: These forms are used for financial accounts and insurance policies to name beneficiaries. Similar to a Transfer-on-Death Deed, they allow for direct transfer of assets upon death.
- Joint Tenancy with Right of Survivorship: This ownership arrangement allows co-owners to inherit the property automatically upon the death of one owner. It functions similarly to a Transfer-on-Death Deed in terms of asset transfer.
- Payable-on-Death Accounts: These accounts allow individuals to name beneficiaries who will receive the funds upon the account holder's death. Like the Transfer-on-Death Deed, they bypass probate.
- Life Estate Deed: This deed allows a person to retain the right to use a property during their lifetime, with the property passing to another party after their death. It shares the goal of asset transfer without probate with the Transfer-on-Death Deed.