In certain situationas, an enhanced life estate deed, or Lady Bird Deed, offers some benefits over a traditional estate plan.
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...
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 ...
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 the...
Lady Bird Deed forms and Orlando Regional Realtor Association. Our guide streamlines estate planning and property transfers.
Typically, unless you are utilizing a Castle Trust™, then the Lady Bird Deed (which yes, is named after Lady Bird Johnson), would be the best route to go. You would want to use a Lady Bird Deed instead of a Quit Claim Deed. You would want to use a Lady Bird Deed instead of ...
Popular Property Deeds in Florida Quitclaim Deed Lady Bird Deed General Warranty Deed Special Warranty Deed Corrective Deed Affidavit of Deed Enhanced Life Estate Deed Quitclaim Deed A quitclaim deed is a legal instrument that transfers an individual's interest in real property without guaranteeing the...
What Is a Lady Bird Deed and Should Retiree Get One?
“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 ...