This form is a Grant Deed with a retained Enhanced Life Estate where the Grantor is an individual and the Grantee is an individual. Grantor conveys the property to Grantee subject to an enhanced retained life estate. The Grantor retains the right to sell, encumber, mortgage or otherwise impair the interest Grantee might receive in the future, without joinder or notice to Grantee, with the exception of the right to transfer the property by will. The Grantee must survive the Grantor or the conveyaqnce is null and void. This deed complies with all state statutory laws.
Lady Bird Deed Meaning
State:
California
Control #:
CA-01-83
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out California Enhanced Life Or Lady Bird Estate Grant Deed From Individual To Individual?
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FAQ
Typically, a lady bird deed does not directly avoid inheritance tax, but it can help reduce estate taxes. Understanding the lady bird deed meaning is crucial, as it allows your property to pass directly to your beneficiaries upon your death without going through probate. It is advisable to consult with a tax professional for personalized advice regarding your specific situation.
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