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.
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Interesting Questions
While it's not strictly necessary, having an attorney can help you navigate the ins and outs of real estate law, ensuring everything is above board and tying up any loose ends.
You can name anyone you choose as a beneficiary—a family member, friend, or even an organization. It's your call!
Generally, a Lady Bird Deed won’t change your property taxes. You’ll still be responsible for paying them while you’re living in the home.
Absolutely! You can revoke or modify the Lady Bird Deed at any time as long as you're still kicking. It’s your property, after all!
A Lady Bird Deed can help you avoid the hassle of probate, keep your property out of court, and give you peace of mind knowing your assets go directly to your loved ones.
In Saint Paul, a Lady Bird Deed allows property owners to name a beneficiary who will automatically receive the property upon their passing without going through probate. It’s a smooth ride to transfer your home!
A Lady Bird Deed is a special type of deed that allows property owners to transfer their property to a beneficiary while still keeping control of it during their lifetime. It's like having your cake and eating it too!