Southfield, MI asked in Real Estate Law for Michigan

Q: My parents own 2 houses in MI. Would a lady bird deed on each house protect us from having to sell one

of the houses if one parent dies and the other becomes incapacitated?

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1 Lawyer Answer
David Soble
PREMIUM
David Soble
Answered
  • Farmington Hills, MI
  • Licensed in Michigan

A: Ladybird deeds can be an effective estate planning tool. They essentially create a lifetime power of appointment and with certain exceptions, allows beneficiary to receive property upon the death of the owner. However the answer to your question involves more than the deed itself, such as title / lien issues. Since home (s) have substantial value, it is best to sit with a real estate attorney to review the documents, investigate and discuss your intentions further.

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