By Sharon A. Burgess
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 inter Continue reading
What is a Lady Bird Deed?
by Sharon A. Burgess
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. Wi Continue reading
Tax Exemptions for Veterans
Over 5 years ago a law passed granting a 100% property tax exemption for qualified disabled veterans. Most disabled veterans are unaware of the property tax exemption including whether it applies to them or how to qualify for the exemption.
There are two main property tax benefits afforded to agricultural property in Michigan, the Qualified Agricultural Property Exemption and the exemption from uncapping when agricultural property is transferred to a new owner.
The first, the Qualified Agricultural Exemption, is an 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