An enhanced life estate deed, often referred to as a “Lady Bird” deed, is a legal document utilized in some areas to streamline the transfer of property ownership. This deed simplifies the process for ...
Dear Mr. Premack: My mom and dad had a Will that left their assets to me, my brother and my sister. Years later, they signed a Lady Bird Deed leaving their home to me and my sister only. It is filed ...
One of the hardest decisions a homeowner has to make is what will happen to their house when they die. Most are eager to leave their assets to their family—and hopefully with as much ease as possible ...
A: Deeds that create an enhanced life estate, which are often called “Lady Bird Deeds,” are becoming increasingly popular estate planning tools. When a life estate is created, a property owner, called ...
Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...
The life estate technique can work to preserve family property in a similar manner; however it lacks the features of protection from creditors provided by ownership in a trust. Future possible ...
Q: Can you explain a "Lady Bird" deed? Can title to a house transfer under such a deed without going through probate? A: Lady Bird deeds (also called "enhanced life estate deeds") are often used when ...