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Life estate clause

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t_stolberg Guest	Posted: Wed Aug 03, 2011 2:26 pm    Post subject: Life estate clause Like 0 Dislike 0 Just got home from the registar of deeds in Muskegon County, Michigan. My father passed away 2 months ago and my mom had his name removed from the deed. They told us to use a Life Estate Clause to put us children on the deed because their wills would not work and the property would have to go through probate. The property was my grandparents and mom wants to keep it in the family, it is not worth enough to go through probate. There would be VERY little left. How do we do this? All the info i find is for California and Florida. Please help!!!!!!! _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Wed Aug 03, 2011 9:45 pm    Post subject: Like 0 Dislike 0 Welcome stolberg, Your mother can include a life estate clause for your heirs and this will help you and the other heirs to stay in the property until death. However, it is always better to contact a Michigan based real estate attorney and take his help in this regard. _________________ Procrastination is the enemy of your financial success

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