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Fortunately, for individuals in North Carolina, current law allows a loophole of sorts. This loophole is what is known as an Enhanced Life Estate Deed. The more common usage name for this deed is a lady bird Deed.
A Lady Bird deed, also known as an enhanced life estate deed, is a legal document allowing you to transfer ownership of your North Carolina property to your beneficiaries without probate after your death.
Can I prepare my own deed and have it recorded? North Carolina law allows you to prepare a Deed of Conveyance for any real property to which you have legal title. However, the conveyance of real property is a legal matter that should be given under and with the advise of legal counsel.
When an individual chooses to create a Lady Bird Deed, it provides them an opportunity to keep control of their property during their lifetime before passing the ownership of this property to a person of their choosing upon their death.
When an individual chooses to create a Lady Bird Deed, it provides them an opportunity to keep control of their property during their lifetime before passing the ownership of this property to a person of their choosing upon their death.