The best advice is to consult an attorney who specializes in these issues regarding the specifics of your situation. This could result in far lower capital gains taxes. MCL 565.201a. Some transfers are excluded from reassessment. Hillsdale MI 49242 In some areas, your spouse also must sign the deed. 698 Phone Number: 906-524-6100, ext. Email: register@masoncounty.net 415 Third Street There are four common ways to hold title to real estate in Michigan: Tenants in Common. Owners with separate interests won't have a right to survivorship of the other owner's interest. 12220 Fillmore St., Room 146 Phone Number: 231-779-9455 Michigan Works - Saint Clair. Box 538 When transferring equity to add a name to your property's title deeds, your conveyancing solicitor will: To transfer equity on a property or land, it will be necessary to: Obtain and review a copy of the property's title from HM Land Registry (HMLR) Prepare the transfer deed legal documents. How you add the person to your title affects whether the surviving owner must go through probate. Evaluating Financial and Legal Consequences, {"smallUrl":"https:\/\/www.wikihow.com\/images\/thumb\/3\/3e\/Add-Someone-to-Your-House-Title-Step-1.jpg\/v4-460px-Add-Someone-to-Your-House-Title-Step-1.jpg","bigUrl":"\/images\/thumb\/3\/3e\/Add-Someone-to-Your-House-Title-Step-1.jpg\/aid9653557-v4-728px-Add-Someone-to-Your-House-Title-Step-1.jpg","smallWidth":460,"smallHeight":345,"bigWidth":728,"bigHeight":546,"licensing":"
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\n<\/p><\/div>"}. Lenawee County Courthouse This may include information such as the statement that the transfer is forever, or that the property transfer extends to the second person's assigns. ", a right of survivorship. If you need a Bell County attorney, we would welcome the opportunity to assist you. Phone Number: 906-667-0381 How to Add Names to Michigan Property Deeds | Pocketsense P.O. For example, if you owned an 80 percent interest and your sister a 20 percent interest, your sister could only take out a mortgage for 20 percent of the value of the property. Fax Number: 313-224-5884 You sign the deed as grantor, have it notarized and file it with the county's registry of deeds. You want to transfer the property from yourself to your spouse and yourself, making the two of you joint owners. County Courthouse Building Marie, MI 49783 208 N. Shiawassee Street Bay City, MI 48708 Bring a government-issued photo ID with you when you get your signature notarized. If you have a tenancy by entirety, then it converts to tenancy in common. 103 These materials are intended, but not promised or guaranteed to be current, complete, or up-to-date. Box 168 {"smallUrl":"https:\/\/www.wikihow.com\/images\/thumb\/b\/ba\/1540420-1.jpg\/v4-460px-1540420-1.jpg","bigUrl":"\/images\/thumb\/b\/ba\/1540420-1.jpg\/aid1540420-v4-728px-1540420-1.jpg","smallWidth":460,"smallHeight":345,"bigWidth":728,"bigHeight":546,"licensing":"
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