How title is held to real estate requires a review of the actual deed of conveyance to you. The legal terms used on a deed: “Tenants in Common”, “Joint Tenants”, “Joint Tenants with Rights of Survivorship” and “Tenants by the Entireties” determine the interest that you own.
Owne Continue reading
A Farmland Development Rights Agreement (known as “PA116”) is a temporary restriction on the land, where the landowner voluntarily agrees to preserve their land for agricultural use in exchange for certain tax benefits.
How to qualify? In order to qualify your farmland Continue reading
By Sharon A. Burgess
Lady Bird Deeds
Many of us have heard mention of a “Ladybird Deed” and are not sure what exactly this is. The concept of a Ladybird Deed is that ownership of the property is not transferred until the death of the last of the grantors. With a life esta Continue reading
Is your business organized as a Michigan Corporation? One reason for forming your business as a Michigan Corporation was to take advantage of the liability protection afforded to that entity. However, you must maintain several “corporate formalities” in order to mai Continue reading
In 2016 the average monthly cost of nursing home care in Michigan is anticipated to be $8,282/month – nearly $100,000 year. Consequently, more and more people will apply for Medicaid benefits to pay for their nursing home expenses.
Medicaid is a joint federal-state social welfar Continue reading
Are you prepared to buy or sell property? This article will cover the basic legal issues that should be considered when buying and selling property in Michigan.
The first document prepared in any real estate transaction is usually a Purchase Agreement. It is important t Continue reading