A lady bird deed is anonprobatetransfer. Real estate transferred by lady bird deed passes outside of probate and does not become part of the probate estate. Because a will only controls assets that are part of the probate estate, and because property that passes by lady bird deed is not p...
Esq., CELA explains what a lady bird deed is in Michigan and why you may want to use it as a tool. Though you should consider whether a lady bird deed or Castle Trust™ makes more sense if long-term care is a concern.
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 designate a beneficiary upon the grantor's death, in the same way a bank account can have a designated...
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™....
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 ...
What Is a Lady Bird Deed and Should Retiree Get One?
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.