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Your state law may have other specific languages to use. You should also purchase title insurance in case there is a lien or other claim on the land that the title search didn't bring up. County Courthouse Building You may also have to pay a document transfer tax. Phone Number: 906-643-7306 Rogers City, MI 49779 Home. The person selling the property is often called the "grantor" while the person buying the property is called the "grantee". The easiest and most common way to do this is with a quitclaim deed and the refiling of a new deed with joint ownership. Be aware that adding a person to your deed can cause you to lose property tax exemptions, based on how the deed is worded. Go back to your county recorders office to get the deed recorded so it becomes part of the official property record. P.O. How you add the person to your title affects whether the surviving owner must go through probate. Fax Number:269-945-1298 806 W. Houghton Avenue, Room 104 Eagle River, MI 49950 P.O. MSU Extension. Fax Number: 989-790-5278 A trustee of a trust is the person or agent who is appointed to administer the trust. https://oceana.mi.us/departments/register-of-deeds/, Ogemaw County Register of Deeds 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. http://www.kalcounty.com/clerk/, Kalkaska County Register of Deeds 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. Phone Number: 989-846-9201 Phone Number: 269-983-7111 ext. Fax: 989-785-8080 Crystal Falls, MI 49920 304 E. Ludington Ave. It's revocable. Note that banks are often trustees. When you add a person to your deed, you're essentially giving them a gift of a percentage of your property. Feel free to contact us with your questions, concerns or needs by email or by phone at 989-224-5270. Phone Number: 231-724-6271 IRS. Joint Tenants with Full Rights of Survivorship. 301 N. Main St. http://www.iosco.net/departments/register-of-deeds/, Iron County Register of Deeds P.O. You'll become joint tenants with rights of survivorship. Check with a property law attorney if you want to create a joint tenancy and are unsure of the language to use. Port Huron, MI 48060 Please contact an attorney for any legal questions you may have. http://lakecounty-michigan.com/Courthouse/RegisterofDeeds.aspx, Lapeer County Register of Deeds Each type of ownership carries unique characteristics, and factors such as financial ability, family relations and marital . Phone Number: 269-781-0707 Include your email address to get a message when this question is answered. This is wonderful!". Fax Number: 269-467-5593 2 South 6th Street, Suite 11 255 W. Main Street Fax Number: 989-731-7519 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. Phone Number: 989-831-7337 Accessed April 10, 2020. Email: rdeeds@gogebic.org Phone Number: 517-676-7216 Fax Number 989-539-6616 Fax Number: 989-826-1156 Email: mmerchant@gratiotmi.com Before you add your spouse to your deed, its important that both of you understand how it potentially affects your tax liability so you can make an informed decision and not be caught unaware later on. Please contact our friendly staff at your convenience. 605 N. Birch St. 1101 Beach Street, Room 138 300 Monroe Avenue, NW Phone Number: 989-275-5931 By using our site, you agree to our. 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. Thanks to all authors for creating a page that has been read 206,090 times. http://www.arenaccountygov.com/register_of_deeds/, Baraga County Register of Deeds If you own your own home, you may decide that you want to add someone, such as a new spouse or an adult child, to your house title. Roscommon, MI 48653-7664 Sacramento County Public Law Library. Property tax exemptions mean that you pay lower property taxes, and sometimes no property tax at all. Newberry, MI 49868 This could result in far lower capital gains taxes. Depending on your financial situation, this issue may cause you to reconsider making the addition. 111 South Canal Street Centreville, MI 49032 Fax Number: 989-743-2459 120 N. Broadway Grand Rapids, MI 49503 705 S. Stephenson Ave. Adding your spouses name to the deed will expose your property to any judgments against him. Charlotte, MI 48813 437 E. Division 8527 E. Government Center Drive Fax Number: 517-676-7287 "Adding someone to a deed" means transferring ownership to that person. Leave the notary section blank. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office. Obtain the necessary consents from lenders and . https://www.stclaircounty.org/offices/register_of_deeds/, St. Joseph County Register of Deeds Civil Rights, Inclusion & Opportunity Department. Especially with large lenders, it isn't uncommon to get a bill for the balance of the mortgage when the transfer is complete. 220 W. State St. Room 102 https://www.gogebiccountymi.gov/government/county_offices/register_of_deeds.php, Grand Traverse County Register of Deeds Box 5 Jennifer Mueller is an in-house legal expert at wikiHow. About the Author. https://www.leelanau.gov/registerofdeeds.asp, Lenawee County Register of Deeds 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. https://www.ocmi.us/register-of-deeds/, Ontonagon County Register of Deeds "Frequently Asked Questions on Gift Taxes." Accessed April 10, 2020. https://www.clareclerkrod.com/register_of_deeds/index.php, Clinton County Register of Deeds Also specify the type of ownership each party will have. Pontiac, MI 48341-0480 Marquette, MI 49855 Atlanta, MI 49709 341 S. Jefferson Room 201 ", a right of survivorship. Thanks to all authors for creating a page that has been read 636,176 times. These clauses typically state that if you ask your lender for permission to add someone to your house title, they won't unreasonably refuse. Phone Number: 989-734-2676 Email: rod@livgov.com P.O. [1] This can be an issue at tax time, as the Internal Revenue Service requires donors to pay gift taxes if they give away more than a certain amount in cash or property to one person during the year. In the cases of tenancy by entirety and joint tenancy, a deed transfer must take place. These exemptions vary among states. 111 S. Michigan Avenue Jennifer Mueller is an in-house legal expert at wikiHow. Jensen attended Idaho and Boise State Universities. P.O. There are companies that will offer to provide you a copy of your deed, but you're better off dealing with the recorder's office directly. The short answer: No. The most common scenario where you might want to add someone to your deed is if you own a home and you get married. Suite 301 Unmarried people can own real estate together in one of two ways: joint tenants with rights of survivorship, or tenants in common. Email: regofdeeds@co.montcalm.mi.us The deed must list the name and business address of the person that prepared the deed. Stanton, MI 48888 701 Main Street Copyright 2023 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. Instead, you'll create a new deed with a group of owners, perhaps you, your spouse, and your child. White Cloud, MI 49349 IRS. Fax Number: 989-953-7219 Enjoy! Fax Number: 989 - 984-1101 Warranty deeds come with some type of . That applies only to married couples. By signing up you are agreeing to receive emails according to our privacy policy. 200 E Grand River Fax Number: 231-627-8453 Phone Number: 231-839-4967 Ext 203 https://www.countyofbranch.com/departments/register-of-deeds/, Calhoun County Register of Deeds https://www.allegancounty.org/departments/register-of-deeds, Alpena County Register of Deeds Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer. Ideally, you won't just "add" your child's name to your existing deed. Review your mortgage documents or contact your lender before initiating the process to change your deed. is not an easy one. Fax Number: 906-387-2156 http://schoolcraftcounty.net/government/elected-officials/clerk-and-register-of-deeds Phone Number: However, this action can have a financially devastating outcome if you dont prepare in advance. 125 W. Lincoln St. Roberts and Roberts, L.L.P. 3. In California, you can. Many reasons might exist that would make you want to add someone to the deed to your house. Phone Number: 989-785-8079 Thank you. This most simple answer is yes. http://www.baycounty-mi.gov/rod/, Benzie County Register of Deeds 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. Iron Mountain, MI 49801 Suttons Bay, MI 49682-9718 Strike a line through any verbiage on the deed that does not apply to your circumstances. If you add your spouse to your deed, he will have to use your basis if he later sells the property. 211 W. Main St. Fax Number:231-839-3684 Phone Number: 517-788-4350 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. 214 E. Center St Leave the notary section blank. Box 376 515 Center Avenue Suite 102 He focuses mostly on finance writing and has a passion for real estate, credit card deals, and investing. It can also affect inheritance rights of heirs and devisees. Complete the deed, filling in your name as the current owner, and your name along with the additional person's name as the people to whom you're deeding your property. Fax Number: 734-222-6528 Fax Number: 906-774-4660 Articles Real Estate Deeds Made Easy Since 1997. Phone Number: 248-858-0581 Hillsdale MI 49242 Building 12 East Phone Number: 989-832-6820 A Quitclaim Deed is similar to a Grant Deed in that it immediately transfers all of your interest, ownership and right in the property. There's no harm in asking your bank or mortgage company if you can simply add a person to your mortgage. Fax Number: 906-524-6432 As a small thank you, wed like to offer you a $30 gift card (valid at GoNift.com). Uniform Commercial Code Section Some transfers are excluded from reassessment. Phone Number: 989-826-1116 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":"