Bill > HB5877

This bill modifies existing law to clarify that a recorded instrument transferring property from an estate is considered prima facie evidence, meaning it's accepted as true until proven otherwise, that the transfer was made for value, even if it doesn't explicitly note an exemption from real estate transfer taxes. This change is necessary because the state real estate transfer tax act has been repealed, and the bill updates references to reflect this repeal, ensuring that the process of transferring property from an estate to a beneficiary or a third-party buyer remains clear and protected. Specifically, it updates references to the relevant tax exemption laws and clarifies that a purchaser or lender acquiring property from an estate beneficiary does not need to investigate the personal representative's actions or whether their authority had ended to be protected, as long as the transfer is properly documented.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-5877