Michigan Asset Protection for Your House

A common question we see is “how can I protect my house from creditors and lawsuits in Michigan?”. One easy from of Michigan asset protection for the house is through marriage and holding the asset properly on your title.

Michigan has created a special form of joint ownership called Tenancy by the Entireties. Tenancy by the Entireties is a form of joint ownership only available to Michigan husband and wives where they are viewed as one entity under Michigan law. What this means is that neither husband or wife may convey the property without the consent of the other.

So, if husband is sued, as long as husband and wife hold title to the house jointly, with Tenancy by the Entireties, then the house most likely would be protected from the lawsuit.

It is important to have an attorney review how title to the property is stated on the Warranty Deed or Quit Claim deed.