Q: We have completed our will and have divided our assets to our children equally. How do we complete a lady bird will ?
A: A lady bird will is a lady bird won't, and don't.
What it sounds like you are talking about is a lady bird deed, otherwise known in Michigan as an enhanced life estate deed. A lady bird deed conveys a life estate, which is the right to possess and use property during one's lifetime, along with a power of appointment power to transfer the property during the person's lifetime. If the person does not exercise the power of appointment before death, then by the terms of the deed the property transfers to a named remainderperson.
Real estate conveyancing documents are more complicated than they look, and mistakes are easy to make that could create title issues. You might be best off to contact an attorney to help you.
As always, you get what you pay for. Be sure to talk to a qualified attorney about your specific situation before choosing to rely on information you get from internet discussion boards, such as this one.
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