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.
You sure can! A Lady Bird Deed works for both your home sweet home and any rental properties you might have the good fortune to own.
When you pass on, your property automatically goes to the people you’ve named in the deed without going through probate. It’s a smooth ride for your heirs.
While it’s not a must, having a lawyer can help make sure everything’s shipshape and done right.
Absolutely! You can revoke or modify a Lady Bird Deed anytime you want. It's as easy as pie.
Like most things, it’s not all sunshine and rainbows. One potential downside is it may not be recognized in every state, so it’s best to chat with a lawyer.
If you want to avoid probate and keep things simple for your heirs, a Lady Bird Deed can be your best buddy in Seattle!
A Lady Bird Deed is a special way to transfer property to your heirs while keeping control of it during your lifetime. It's like having your cake and eating it too!