Fax Number: 231-724-6842 If your lender agrees not to enforce the clause, get the agreement in writing. Were committed to providing the world with free how-to resources, and even $1 helps us in our mission. In some cases, you may be able to order the deed online. Corunna, MI 48817 Get a copy of your current deed and select the type of new deed form you want to use. The lawyers of Roberts & Roberts are Killeen attorneys providing legal services in the fields of real estate, probate, estate planning, and business law. Phone Number: 517-322-1144, Shiawassee County Register of Deeds Phone Number: 734-240-7390 You die 50 years later, and your spouse decides to sell the house five years after that for $1 million. Your county recorders office will have a list of ways to claim property. By signing up you are agreeing to receive emails according to our privacy policy. 111 South Canal Street Once you've signed the deed, take it to the recorder's office where you got the copy of your old deed. Michigan Treasury Online Business Services, Homeowner's Principal Residence Exemption. Leave the notary section blank. "I did not know that my spouse's financial history would have an impact on certain benefits to which I am entitled. I want to sell it, but have back taxes. Fax Number: 231-256-8149 315 W. Green St. https://montcalm.org/government/register_of_deeds/index.php, Montmorency County Register of Deeds http://www.benzieco.net/government/county_register_of_deeds/index.php, Berrien County Register of Deeds That means when you die, your spouse will absorb your ownership share of the property. When executed and notarized, the quitclaim deed legally overrides the current deed to. Box 269 Phone Number: 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. http://www.shiawassee.net/ROD/, St. Clair County Register of Deeds There are exceptions, such as if the other person is not paying you any money to be added to the deed. The person in possession of the deed can simply sign on behalf of the state, or they can request the state to send them a copy of the deed. 301 N. Main St. Become familiar with your spouses financial history before you decide to add his name to your deed. She has an extended family of pets, including special needs animals. Suite 212 St. Joseph, MI 49085 Phone Number: 231-873-4158 Fax Number: 989-790-5278 Box 35 Paw Paw, Michigan 49079 https://www.missaukee.org/departments/clerk___register_of_deeds/index.php, Monroe County Register of Deeds A B C D E F G H I J K L M N O P Q R S T U V W X Y Z, Alcona County Register of Deeds 5095 4th St. The difference between tenancy by the entirety and joint tenancy with right of survivorship is that if one spouse has debts, that spouse's creditors can't go after the other spouse's interest in the property to cover those debts. Fax Number: 231-882-0167 Adam Luehrs is a writer during the day and a voracious reader at night. Box 789 Each type of ownership carries unique characteristics, and factors such as financial ability, family relations and marital . Fax Number: 989-344-3223 P.O. Jennifer reviews, fact-checks, and evaluates wikiHow's legal content to ensure thoroughness and accuracy. P.O. P.O. IRS. 220 W. Ellsworth Street unlocking this expert answer. 1101 Beach Street, Room 138 These fees usually won't be more than $20. 200 Division Street, Suite 150 how to add someone to a deed in michigan . It doesn't matter whether you intended it to be a gift or not. Cheboygan, MI 49721 12265 M-32 West 234 W. Baraga Avenue For more detailed information on how to add someone to your house title, scroll down. The transfer is excluded from the gift tax if you're adding your spouse to your house title. https://rod.chippewacountymi.gov/landweb.dll/$/, Clare County Register of Deeds Suite 105 Fax Number: 989-354-9646 Her work has appeared in various print and online publications. Generally speaking, adding another owner only makes the probate process more complicated. Baldwin, MI 49304 https://www.co.hillsdale.mi.us/index.php/tm-gov/tsm-gov-deeds, Houghton County Register of Deeds Crystal Falls, MI 49920 Escanaba, MI 49829 By using our site, you agree to our. Iron Mountain, MI 49801 Suttons Bay, MI 49682-9718 http://www.co.grand-traverse.mi.us/587/Register-of-Deeds-Office, Gratiot County Register of Deeds 8527 E. Government Center Drive 208 N. Shiawassee Street Ontonagon, MI 49953 There are different forms of deeds depending on the situation involved. If the current owner received title insurance on the property when they came into possession, they may want to contact the company that wrote the policy to make sure that a deed will not affect the policy. If you're getting a copy from your local land registry office, search for your deed in their database or ask for assistance. You may want to consult a real estate attorney to find out if adding your spouse to your deed will achieve the result you want. Mt. Ideally, you won't just "add" your child's name to your existing deed. Department of Public Works You should contact your attorney to obtain advice with respect to any particular issue or problem. Depending on your financial situation, this issue may cause you to reconsider making the addition. For example, Sacramento County charges a one-time tax of 1.1% of the value of the property when you file a new deed. https://www.washtenaw.org/262/Clerk-Register-of-Deeds, Wayne County Register of Deeds Box 70 2 South 6th Street, Suite 11 https://www.clareclerkrod.com/register_of_deeds/index.php, Clinton County Register of Deeds Fax Number: 269-467-5593 Mason, MI 48854 If one person owns a piece of real estate and wants to bring on another owner, this means that the current owner would give up their interest in the property to themselves and the other person. Getting married does not automatically transfer a property to become a tenancy by entirety. The state will then make a copy of the deed, add their name to the deed, and send the new owner or person the original deed. The current owner the person giving away their rights to the property would be the grantor in the quit claim deed. 400 Elm Street Jackson, MI 49201 Kalamazoo, MI 49007 For example, you may set it up so that you have an 80 percent interest in the property while your sister has a 20 percent interest in the property. Petoskey, MI 49770 If your goal is to avoid probate, be sure to specify on the form that you're claiming as joint tenants with a right of survivorship. Fax Number: 906-337-2253 We recommend that you consult an attorney or real estate professional for assistance in preparing the proper document that will convey the type of interest you want a particular person or entity to have in your property. Suite 400 401 E. Houghton Ave. Mortgage and Deed to House Some common exemptions include homestead exemptions or exemptions for people over the age of 65. P.O. When he sells it five years later for $1 million, he only owes capital gains taxes on $100,000. 120 W. Michigan Avenue Phone Number: 906-337-2229 https://deltacountymi.org/register-of-deeds/, Dickinson County Register of Deeds Tenants by the Entirety. P.O. If you need a Bell County attorney, we would welcome the opportunity to assist you. Last Updated: June 3, 2020 Co-owners who are tenants in common can use the property as security on a loan or take out a mortgage on the property, but only to the extent of their ownership interest. The current owner would also be one of the grantees, the persons receiving the grantors rights to the property. You may also have to pay a document transfer tax. In this case, if one dies, the other automatically becomes the sole owner of the property. Your state law may have other specific languages to use. Unmarried people can own real estate together in one of two ways: joint tenants with rights of survivorship, or tenants in common. Also specify the type of ownership each party will have. If you are adding a spouse or a child to your house title, the transfer typically will be excluded from reassessment. My son has no interest in the property and has his own. Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. Use a typewriter or computer printer when filling in the information on the deed to ensure it is legible. Email: register@miottawa.org 106 5thP.O. When you die 50 years later, your spouse acquires a house with a fair market value of $900,000. A deed and a mortgage are two separate things. Transferring ownership of a house also means your property will likely be reassessed for tax purposes. Phone Number: 989-275-5931 Adding your spouses name to the deed will expose your property to any judgments against him. Before you add someone to your house title, consider consulting an attorney to better understand the legal and financial repercussions of doing so. Kalkaska, MI 49646 http://www.arenaccountygov.com/register_of_deeds/, Baraga County Register of Deeds Owners with separate interests won't have a right to survivorship of the other owner's interest. Home. When you add a person to your deed, you're essentially giving them a gift of a percentage of your property. 725 Greenland Road Once youre sure you want to move forward, decide on what kind of co-ownership you want based on your situation. Even if the person you're adding doesn't give you money for ownership in your property, the lender still may view the transfer of ownership as a sale and can demand payment in full. If you are added to the deed of someone else's home, you are not automatically responsible for the mortgage and payments, only if they add you to the mortgage, too. Court House https://www.ocmi.us/register-of-deeds/, Ontonagon County Register of Deeds 100 N. State Street Joint Tenants. 200 Grand River Avenue 219 Paw Paw Street, Suite 102 Box 110 http://www.mackinaccounty.net/departments/register-of-deeds/, Macomb County Register of Deeds 120 N. Grove Street A present beneficiary of a trust is the person who has the enjoyment and beneficial use of the property during the life of the trust. Fax Number: 231-533-8317 Menominee, MI 49858 Phone Number: 989-785-8079 Box 195 "Gave me the clear directions I needed and informed me that what I really want to do, claiming as joint tenants with, "I was so happy to find this article, it answered all my questions! However, this action can have a financially devastating outcome if you dont prepare in advance. Phone Number: 231-724-6271 Unless you know real estate and property records fairly well, it's usually safer to let the title company do it. Depending on your spouses financial status and earnings history, adding his name to your deed may make you ineligible for refinancing, a reverse mortgage, or certain government benefits such as Medicaid. Phone Number: 989-875-5217 A Michigan lady bird deed form allows a person to retain control over Michigan real estate during his or her life and automatically transfer the real estate at his or her death. Procedures vary by state, so it's best to hold off signing the deed until you're in the presence of the notary at the recorder's office so that the signatures can be witnessed.