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.
While it's not strictly necessary, having a lawyer can help ensure everything is done right and according to Texas laws.
Not quite! While both are types of property deeds, a Lady Bird Deed offers some unique benefits, like keeping control while you're alive and skipping probate.
Absolutely! A Lady Bird Deed allows you to change your beneficiaries or even revoke the deed anytime you like, as long as you're alive.
Yes, the property must be owned outright, and all owners must be in agreement to use a Lady Bird Deed.
Anyone who owns real estate in Arlington can benefit, especially those looking to easily transfer their property to family members while avoiding probate.
In Arlington, Texas, a Lady Bird Deed lets property owners pass on their property directly to their chosen beneficiaries without it going through probate when they pass away.
A Lady Bird Deed is a type of real estate deed that allows property owners to transfer their property to their heirs while maintaining control over it during their lifetime.