Lyndon Johnson ever used this kind of deed to transfer property to his wife, Lady Bird. According to Texas Tech law professor Gerry Beyer, the Florida lawyer who created the deed in the 1980s used the names of the Johnson family in an example showing how the deed worked—and the name ...
Lady Bird deeds are currently only authorized in Florida, Michigan, Texas, Vermont, and West Virginia. Approximately half of the U.S. states have what is called a transfer on death (TOD) or beneficiary deed, which is similar to, and may be preferable to, a Lady Bird deed. TOD deeds de...
Quick 15-minute attorney consultation and personalized. Avoid probate in Florida with a Lady Bird Deed and transfer real estate fast with a Quitclaim Deed.
Key Term: Lady Bird Deed.The termlady bird deedcomes from a fact pattern used by Florida attorney Jerome Ira Solkoff in his teaching materials. Solkoff used fictional characters to illustrate the use of this type of deed. One character was former United States President Lyndon Johnson’s wife...
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...
What Is a Lady Bird Deed and Should Retiree Get One?
A Lady Bird Deed is a great tool to avoid probate and avoid estate recover/Medicaid Spend-down in Michigan as long as your plan on keeping the home a home. If you are looking to sell the home while alive, then maybe you should consider a Castle Trust™....