This is a Basic Lady Bird Deed. A Lady Bird Deed is a transfer of property to another with a reservation of a life estate. Meaning a person can transfer property and retain ownership in that property until death, at which point it will then transfer to the other.
Yes, you can use it for residential properties, vacation homes, and even some other types of real estate. Just keep in mind the property's got to be in your name.
While it's not required, having a lawyer can help ensure everything's done correctly. It's like having a guide on a hiking trip—you'll feel a lot better with one by your side.
Absolutely! You can revoke or change your Lady Bird Deed anytime you like, just like switching up the song on a playlist.
Anyone looking to simplify the transfer of property after they’re gone can benefit. It’s especially useful for seniors wanting to pass their home to family members without a hassle.
With a Lady Bird Deed, you retain the right to live in your home and even sell it if you want. When you pass away, the property goes directly to the person you named, typically without going through probate.
A Lady Bird Deed is a special type of deed that allows you to transfer property to someone else while still keeping control over it during your lifetime. It's like handing over the keys but still being able to live in the house.