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.
Absolutely! Lady Bird Deeds are recognized in California, so you can take advantage of this helpful tool.
Typically, you can name anyone as a beneficiary, like family members or trusted friends. Just make sure they are someone you trust with your legacy.
The property automatically goes to the person you've named in the deed, without going through probate. It's like handing them the keys to your castle right away!
While it's not a must, having a lawyer can help make sure everything is done correctly, kind of like having a tour guide in a new city.
Yes! You can change the deed or reverse it whenever you want. It’s like having a safety net that you can adjust.
It helps you avoid probate, which is like a cumbersome maze for your heirs, and can keep your property out of the court's hands.
A Lady Bird Deed is a special kind of deed that lets you transfer your property to someone else while still keeping control of it during your lifetime.