The technical name for a lady bird deed isenhanced life estate deed. The word “enhanced” distinguished lady bird deeds from regular (traditional) life estate deeds, which do not give the original owner/life tenant continued rights to deal with the property without the remainder beneficiaries’ ...
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...
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-...
So if nursing home costs are a big concern for you, a lady bird deed may work, but you might want to look at a castle trust, which is a type of trust that builds an asset protection, where as soon as you move the home into the trust, once you make it pas...
If you’re wondering how the deed got its odd name, it’s not because President 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...
Financial Benefits of a Lady Bird Deed Why Avoid the Probate Process, and How Can a Lady Bird Deed Help? How Lady Bird Deed Helps Avoid Medicaid Estate Recovery Cost-Benefit Analysis of Implementing Lady Bird Deed A Comprehensive Guide to Lady Bird Deeds and Tax Savings ...
What Is a Lady Bird Deed and Should Retiree Get One?
- Location: City in Texas - Population: 118,402 If life in The Woodlands is good, it's because it was designed to be that way: The town was a planned community founded in 1974, intended to offer both convenient amenities and proximity to nature. The latter is certainly true—it boasts...
“I want to thank you for putting this system together. In the three weeks or so since I started mailing letters using your system, I’ve made a half dozen offers, which is six times as many as I had made in the preceding three months. Thanks.” Hal D,Plano,Texas ...