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.
Not quite! A Lady Bird Deed transfers property directly, bypassing probate, while a Will is a document that goes through the court system after you’re gone. They serve different purposes.
Absolutely! You can revoke or modify a Lady Bird Deed whenever you like, as long as you’re alive and kicking. It’s your property, after all!
While you don’t necessarily need a lawyer, it’s wise to consult one to make sure everything is done right and to cover all your bases, just to be safe.
Anyone looking to simplify the transfer of their property, like retirees wanting to pass on their home to their children, can benefit. It’s a smart move if you want to make things easier on your loved ones.
In Chandler, Arizona, a Lady Bird Deed lets you transfer your property to a loved one without going through probate. It’s like passing the keys without having to deal with the fuss later.
A Lady Bird Deed is a special way to transfer real estate that allows you to keep control over the property while also setting it up to pass to someone else automatically when you pass away.