What is an executor’s deed?
An executor’s deed is a legal document that transfers property from the estate of someone who has passed away to the beneficiary or heirs. This document is usually drafted and signed by the executor of the estate, who is the person appointed by the court to manage the estate. In Michigan, an executor’s deed must be signed in front of two witnesses and a notary. The executor’s duty is to collect the assets of the deceased, pay any outstanding debts or taxes, and then distribute the remaining assets to the beneficiaries in accordance with the instructions provided in the will. An executor’s deed gives the executor the legal authority to transfer ownership of real estate from the estate to the beneficiary. It is signed by the executor and includes the legal description of the property, the name of the decedent, and the name and address of the beneficiary or heirs. In Michigan, the executor must obtain letters of administration from the probate court before they are allowed to transfer ownership of any property from the estate using the executor’s deed. The objective of the executor’s deed is to ensure that the deceased’s estate is managed properly and their wishes are carried out in an efficient and legal manner.
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