Deeds

A deed is document which conveys the title of real estate from one person or entity to another. The deed outlines the parties involved, including the seller(s) and buyer(s), and includes all the pertinent details about the transfer: the precise description of the property being sold; any liens, easements, or encumbrances; and the seller's signature for authentication. 

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Warranty deed: a deed in which the seller guarantees that she/he/they hold(s) clear title to a piece of real property, has the right to sell it, and promises to defend the title against any legal claims.

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Quitclaim deed: a deed which transfers the seller's interest in real property without the guarantee the property title is in the clear.

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Ladybird deed: (Michigan only) a warranty deed or quitclaim deed which allows people to keep real property in their name and retain the right to use the property for their lifetimes. After death, title to the property automatically transfers to the named beneficiaries without going through probate. If you have a trust or are creating a trust, the trust will be named as the beneficiary.