A lady bird deed, also known as anenhanced life estate deed, is an estate planning tool that allows property owners to retain control of their property during their lifetime while ensuring that the property passes directly to a designated beneficiary upon their death, without the need for probat...
So if you were to move the home into the castle trust and then sell the property, the proceeds of the sale would be protected. That’s something that’s a little bit different than with the lady bird deed. With a lady bird deed, the home needs to remain in th...
the Lady Bird deed cost will be much less than the cost of having a revocable trust created. If you have a significant amount of property of any type in addition to your primary home, a revocable trust may be a better way to go. ...
What Is a Lady Bird Deed and Should Retiree Get One?
A lady bird deed, also called an enhanced life estate deed, is a type of American legal document that defines the rights of a property owner and heirs to the property. Named for the wife of United States President Lyndon Johnson, the deed gives the owner continued rights to sell or use ...
dedicated to empowering our members and informing the community, introduces an essential resource on Lady Bird Deeds. This unique estate planning tool allows property owners to transfer real estate to beneficiaries upon death without probate court. You can also useLady Bird Deed formsto simplify your...
A Castle Trust™ might be a step up above a Lady Bird Deed, depending on your goals. A Castle Trust is a type of trust that avoids probate, protects the beneficiaries and most importantly, builds in asset protection for you, protecting you from lawsuits and the devastating cost of long-...
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