by charlespenzien | Feb 19, 2026 | Blog, Estate Planning, Real Estate
Ladybird deeds (formally known as Enhanced Life Estate Deeds) are fantastic tools for avoiding probate, but they aren’t a “set it and forget it” magic wand. They come with some specific legal and financial quirks that can trip people up if they...
by charlespenzien | May 22, 2024 | Blog, Estate Planning, Real Estate
Adding a child’s name to the title of real property can have several potentially catastrophic consequences, including tax implications, loss of control, exposure to the child’s creditors, and complications with estate planning. Below is a detailed look at...
by richard | Aug 7, 2023 | Blog, Estate Planning, Real Estate
By Charles Penzien A Lady Bird Deed, also known as an Enhanced Life Estate Deed, is a type of deed used in Michigan (and some other states) to transfer real property to one or more recipients while retaining certain rights to use and possess the property during the...
by richard | Aug 7, 2023 | Blog, Estate Planning, Real Estate
By Charles Penzien We often have clients ask about whether or not it is a good idea to hold real estate with their children. People sometimes believe that placing their children’s names on their homes or other real estate can take the place of more established estate...
