Texas Bird Deed With Red Head

• Category: Real Estate - Deeds - Enhanced Life Estate or Lady Bird
• State: Texas
• Control #: TX-01-83
• Format: Word; Rich Text

Description

The Texas Bird Deed with Red Head, formally known as the Enhanced Life Estate Warranty Deed, is a legal document that facilitates the transfer of property while preserving certain rights for the grantor. This deed allows the grantor to retain use and control over the property during their lifetime, while granting a remainder interest to the grantee, who will inherit the property upon the grantor's death. Key features include the ability to sell, lease, or encumber the property during the grantor's lifetime and the option to cancel the deed through subsequent conveyance. Filling and editing instructions suggest that users can complete this deed electronically using form fields or print it to fill manually. This form is particularly useful for attorneys, partners, and paralegals handling estate planning, as it combines the benefits of gift giving and estate management without immediately transferring full ownership. Homeowners can also utilize this deed to secure their property interests while planning for the future transfer of assets to beneficiaries. Overall, this form supports clear property rights and planning while maintaining flexibility for the grantor.