how to add someone to a deed in michigan

Uniform Commercial Code Section Holding Title: Tenants vs. "Tenants". Jensen attended Idaho and Boise State Universities. Phone Number: 734-222-6700 Hillsdale MI 49242 Step 1: Download the MI quitclaim deed form. 151 E. Huron Street Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. Phone Number: 810-648-2313 Fax Number: 616-632-7615 234 W. Baraga Avenue https://www.missaukee.org/departments/clerk___register_of_deeds/index.php, Monroe County Register of Deeds 2 S. Main St. http://www.arenaccountygov.com/register_of_deeds/, Baraga County Register of Deeds Feel free to contact us with your questions, concerns or needs by email or by phone at 989-224-5270. Adding a family member to the deed as a joint owner for no consideration is considered a gift of 50% of the property's fair market value for tax purposes. When we bought a home, I was still not divorced. Suite 105 Joint Tenants with Full Rights of Survivorship. Harrisville, MI 48740 If youre paying a mortgage, get your lenders written permission to transfer your house title, and if your house is a major asset, consult an estate attorney regarding potential estate issues. Unlike some other types of property, you can't just add their name to the existing deed. Once you've signed the deed, take it to the recorder's office where you got the copy of your old deed. 1200 N. Telegraph Fax Number: 231-724-6842 Building 12 East List of County Register of Deeds . ", a right of survivorship. You can't take it back When you add someone to the deed, all or a portion of your ownership is transferred to that person. That means he could pay substantially more in capital gains taxes than if he acquired the property when you died. Phone Number: 269-673-0390 https://www.casscountymi.org/154/Clerk-Register-Office, Charlevoix County Register of Deeds Phone Number: 989-345-0728 https://www.accesskent.com/Departments/RegisterofDeeds/, Keweenaw County Register of Deeds 113 Chestnut Street Fax Number: 989-790-5278 One of the most common incorrect assumptions in real estate is that someone can be added to a deed. Complete, review and sign the quitclaim or warranty form. County Administration Building Fax Number: 231-627-8453 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. Midland, MI 48640 Articles Real Estate Deeds Made Easy Since 1997. Suite 301 P.O. Both people would acquire their interest in the property at the same time in the chain of title. That applies only to married couples. Nor can a co-owner simply take away another party's interest in a property by executing a new deed without that other party. Fax Number: 269-445-4453 Check with a property law attorney if you want to create a joint tenancy and are unsure of the language to use. If you live in a community property state, you can specify the home or land is community property with a right of survivorship. Michigan Works - Saint Clair. 725 Greenland Road 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. Use a typewriter or computer printer when filling in the information on the deed to ensure it is legible. The types of transfers that are excluded vary among states. To add a joint owner to your property dead, you'll first need to check your loan documents or call your lender to determine responsibilities and policies. A trustee of a trust is the person or agent who is appointed to administer the trust. In this case, if one dies, the other automatically becomes the sole owner of the property. St. Johns, MI 48879-1580 You die 50 years later, and your spouse decides to sell the house five years after that for $1 million. Property ownership, transfer laws and deed practices differ depending on the state in which you live. 1087 Newell St. Box 296 Box 376 Stanton, MI 48888 A Quitclaim Deed is similar to a Grant Deed in that it immediately transfers all of your interest, ownership and right in the property. Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin are community property states. Menominee, MI 49858 MCL 565.8. Be prepared for them to say no, howeverin fact, this will be their answer in most cases. http://www.kalkaskacounty.net/government/register_of_deeds/index.php, Kent County Register of Deeds 400 Boardman 220 W. Ellsworth Street The most common scenario where you might want to add someone to your deed is if you own a home and you get married. There are four common ways to hold title to real estate in Michigan: Tenants in Common. However, this action can have a financially devastating outcome if you dont prepare in advance. If you alter the deed so that you and your spouse both own the property, instead of just you, it changes the situation in the eyes of banks, lenders, and the government. 51 S Macomb St wikiHow marks an article as reader-approved once it receives enough positive feedback. Box 5 Each type of ownership carries unique characteristics, and factors such as financial ability, family relations and marital . Phone Number: 231-348-1761 http://www.houghtoncounty.net/directory-register-of-deeds.php, Huron County Register of Deeds Phone Number: 269-657-8242 Port Huron, MI 48060 Phone Number: 810-667-0211 Lenawee County Courthouse Adding your spouses name to the deed will expose your property to any judgments against him. Accessed April 10, 2020. Email: rod@berriencounty.org 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. https://www.deeds.com/recorder/michigan/alger/, Allegan County Register of Deeds Also, I did not know the deed has to be worded a certain way in order to avoid probate upon my death. https://www.washtenaw.org/262/Clerk-Register-of-Deeds, Wayne County Register of Deeds Adrian, MI 49221 This is called tenancy by the entirety, and in states where property can be held this way, spouses who own real estate together generally own it as tenants by the entireties automatically. https://www.berriencounty.org/296/Register-of-Deeds, Branch County Register of Deeds Fax Number: 734-222-6528 If avoiding probate is a priority, an attorney can help you find the best method to add the other person to your house title. The answer to the question, "How do you add a joint owner to a property?" Your county recorders office will have a list of ways to claim property. Please Note: The Register of Deeds Office does not prepare or change documents and cannot provide legal assistance. P.O. Cassopolis, MI 49031 You'll become joint tenants with rights of survivorship. Phone Number: 906-293-5521 Charlevoix, MI 49720 She has an extended family of pets, including special needs animals. 806 W. Houghton Avenue, Room 104 Depending on your financial situation, this issue may cause you to reconsider making the addition. Escanaba, MI 49829 MCL 565.201a. 211 W. Main St. Eagle River, MI 49950 705 S. Stephenson Ave. The deed should include the grantor's marital status. Munising, MI 48962 1101 Beach Street, Room 138 Email: registerofdeeds@emmetcounty.org This is also where you specify how the two of you will own the property. Phone Number: 517-264-4538 P.O. They still used my income, but I'm not on the note. Roberts and Roberts, L.L.P. It's awesome and well-written, very clear on how, "Understanding how to add me to the deed, I had no idea of the consequences. Box 718 Information deemed reliable but not guaranteed, you should always confirm this information with the proper agency prior to acting. P.O. Some states require extra steps, such . Then, you will have to file a quitclaim deed and then refile another deed to add the new person to the house deed. Accessed April 10, 2020. Email: goodreauw@baragacounty.org Include your name and the name of the person you want to add to your house title. wikiHow is where trusted research and expert knowledge come together. Standish, MI 48658 I want to sell it, but have back taxes. Phone Number: 517-543-4203 Fax Number: 989-275-8640 What or who is a trustee of a trust? Ann Arbor, MI 48107-8645 Grand Rapids, MI 49503 For example, if he has a bad debt, his creditor can sue and force the sale of your property to pay it off. Leave the notary section blank. You're not guaranteeing you have any interest at all, or that you have particular ownership or possession rights. https://www.isabellacounty.org/departments/register-of-deeds/, Jackson County Register of Deeds Phone Number: 906-524-6100, ext. 200 E Grand River As long as you retain interest in the home, its still going to go through probate. Phone Number: 517-437-2231 Phone Number: 989-734-2676 If the value of the gift exceeds the annual exclusion limit ($16,000 for 2022) the donor will need to file a gift tax return (via Form 709) to report the transfer. For example, it would work to say "Suzy Sunshine and Martin Moon as joint tenants with right of survivorship and not as tenants in common.". Pontiac, MI 48341-0480 http://www.co.grand-traverse.mi.us/587/Register-of-Deeds-Office, Gratiot County Register of Deeds 100 Marley Street To learn more about tax liability associated with adding your spouse to a deed, read on! Phone Number: 586-469-7953 Petoskey, MI 49770 Lake City, MI 49651 If you transfer your interest in the property, or a share of it, to someone else without the lender's permission, it may exercise the loan's due-on-sale clause. Corunna, MI 48817 Survivorship (outliving your co-owner) affects more than just the four types of jointly owned property. If you want the property to automatically pass to the other owner with the death of one owner, choose a form of co-ownership that includes the "right to survivorship.". Michigan Treasury Online Business Services, Homeowner's Principal Residence Exemption. 301 N. Main St. Atlanta, MI 49709 Copyright 2023 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. If youve recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. https://www.geneseecountymi.gov/departments/register_of_deeds/index.php, Gladwin County Register of Deeds 200 N. Moore Street Fax Number: 989-832-6842 Leave the notary section blank. Ste. By signing up you are agreeing to receive emails according to our privacy policy. Note that banks are often trustees. Fax Number: 989-731-7519 Box 538 Fax Number: 989 - 984-1101 Fax Number:231-839-3684 http://www.mackinaccounty.net/departments/register-of-deeds/, Macomb County Register of Deeds Phone Number: 989-362-2021 Phone Number: 989-224-5270 For more detailed information on how to add someone to your house title, scroll down. Fax Number: 989-354-9646 {"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":"