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FAQ
  State Real Estate Transfer Tax
If a husband and wife convey property to the wife's mother for life and the remainder to the wife and the wife's sister, how is the transaction taxed?
 
Answer:

The conveyance of the life estate is taxable unless the consideration is lessthan $100. The conveyance of the remainder disjoins a tenancy by the entireties and creates a joint tenancy exempt under MCL 207.526 (i) and/or (r).