Posted on: 11th Aug, 2008 11:20 am
MY sister and I are the deed to my parents home with my mother ,as a request of father when he past away in 1997. I want to know if we should sign off the deed and have my mother put a lady bird deed on the home,but I am worried that if she should go to a nursing home can the state of michigan take her home? Would it be just better to leave our names on the deed to protect it from the state.
Welcome Grego.
Your mother can use a Ladybird deed. But state law differs from one state to another. So check out with an attorney whether even after using a ladybird deed, your mother remains eligible for the Medicate facilities. Take a look at Ladybird deed and Medicaid to know more about it.
Let me know if you have any further queries.
Your mother can use a Ladybird deed. But state law differs from one state to another. So check out with an attorney whether even after using a ladybird deed, your mother remains eligible for the Medicate facilities. Take a look at Ladybird deed and Medicaid to know more about it.
Let me know if you have any further queries.
can this deed transfer property to my childre without taxes as well as a trust
You mean you'd like to transfer property into a trust by means of ladybird deed?
Hi maxine
You can use a quitclaim deed or a warranty deed as well to transfer your property in the name of your children. As far as ladybird deed is concerned, I think you can use it to transfer property to your children. To know more about ladybird deed, check out:
http://www.mortgagefit.com/know-how/ladybirddeed.html
Thanks.
You can use a quitclaim deed or a warranty deed as well to transfer your property in the name of your children. As far as ladybird deed is concerned, I think you can use it to transfer property to your children. To know more about ladybird deed, check out:
http://www.mortgagefit.com/know-how/ladybirddeed.html
Thanks.
is a ladybird deed legal in michigan
Hi bud,
As far as I know, a lady bird deed is acceptable in certian states like Florida, Texas, Ohio, California, and Kansas. I'm not sure if it is accepted in Michigan. I think you can get this information from any local real estate lawyer or the local county recorder's office.
As far as I know, a lady bird deed is acceptable in certian states like Florida, Texas, Ohio, California, and Kansas. I'm not sure if it is accepted in Michigan. I think you can get this information from any local real estate lawyer or the local county recorder's office.
What is the average price of a Lady Bird Deed?
Hi Jackie,
The price of the deed will vary from one state to another. You can contact an attorney who will help you in drafting the deed and he will let you know the cost of the deed.
Thanks
The price of the deed will vary from one state to another. You can contact an attorney who will help you in drafting the deed and he will let you know the cost of the deed.
Thanks
is a ladybird deed probated, after the death of the ownerof the property, after it is transferred at death?
is a ladybird deed, recognized in michigan?
Hi ivypitcher,
Ladybird deed is not probated after the death of the owner of the property. As far as I know, ladybird deed is not valid in Michigan. Nevertheless, I will suggest you to contact a real estate attorney based in Michigan and take his opinion in this matter.
Thanks
Ladybird deed is not probated after the death of the owner of the property. As far as I know, ladybird deed is not valid in Michigan. Nevertheless, I will suggest you to contact a real estate attorney based in Michigan and take his opinion in this matter.
Thanks
Ladybird deeds are valid in mich. Its a great way for your mother to keep her property and the benefits that go with it. When she passes the property is transfered to the beneficiaries. The deed avoids probate and issues with medicaid. if you pay more than $75 you are getting ripped off. Good luck
What stores sell Michigan ladybird deeds?
What is average cost for lawyer to execute a Michigan ladybird deed
What is average cost for lawyer to execute a Michigan ladybird deed
Welcome Franklin,
It will be better if you could contact a real estate attorney and take his help in drafting the deed. The cost of drafting the deed may vary from one lender to another.
It will be better if you could contact a real estate attorney and take his help in drafting the deed. The cost of drafting the deed may vary from one lender to another.