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 regular deed transfers ownership completely, whereas a Lady Bird Deed lets you keep control until you pass on.
When you pass away, the property automatically goes to the people you named in the Lady Bird Deed, skipping the probate process like a breeze!
Absolutely! You can revoke or change the deed whenever you wish while you’re alive and kicking.
It's not mandatory, but it’s a good idea to consult an attorney to make sure everything’s squared away and all the i's are dotted.
Basically, anyone who wants to ensure their property goes to family or friends while avoiding a lengthy probate process can benefit from a Lady Bird Deed.
In Columbus, Ohio, a Lady Bird Deed lets you transfer property to your loved ones without going through probate. You can change your mind whenever you like!
A Lady Bird Deed is a special type of deed that allows you to transfer property while still keeping control of it during your lifetime.