Lady Bird Deed is Estate Planning Tool

A “Lady Bird Deed” is a tool of estate planning that allows the transfer of ownership of property to an heir. It’s more official title is “enhanced life estate deed.” In Michigan, by utilizing a Lady Bird Deed, property can be passed down to direct relatives without probate or “uncapping” the property tax valuation. These are standard benefits of life trusts. What makes a Lady Bird Deed unique is the transferor’s retention of the right to sell or lease the property during his or her lifetime. As Rockford, MI Lawyer Kary C. Frank’s article, “The Search for The Lady Bird Continue Reading…

Robin Williams’ Probate Dispute Settles

After almost a year of legal wrangling, Robin Williams’ widow and his three children from former marriages settled their estate battle out of court. The high-profile probate dispute followed the death of Williams in August 2014. His legal trust spelled out the division of possessions and assets. However, his widow, Susan Schneider Williams, claimed she needed more money to maintain the house that was left in her name. She also wanted some of Robin Williams’ personal possessions that were intended to go to the children, including some items of clothing including his slippers and t-shirts. “While exact terms of the agreement Continue Reading…