Texas Estate Deed Without Powers

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

Description

The Texas estate deed without powers, commonly known as the Enhanced Life Estate Warranty Deed or Lady Bird Deed, is a legal document used to transfer property ownership while allowing the grantor to retain certain rights during their lifetime. This deed not only conveys the property to the grantee but also allows the grantor to maintain exclusive possession, use, and enjoyment of the property until their death. Notable features include a retained life estate, the ability for the grantor to sell or encumber the property during their lifetime, and automatic transfer of ownership to the grantee upon the grantor's death without the need for probate. To fill out the form, users can complete it electronically using form fields available in Microsoft Word or PDF formats, or they can print it out to fill in by hand. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form for estate planning, avoiding probate, and designating beneficiaries. It's important for users to understand the legal implications and limits of the form, such as the necessity of consulting an attorney for complex matters. Always remember to remove confidential information, like Social Security numbers, before filing.