What Is a Lady Bird Deed and Should Retiree Get One?
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 an incomplete gift for tax purposes. This has two tax benefits. First, there is no need to file a gift tax return or pay any gift tax on the transfer. Because tax law treats the original owner as still owning the property until death, it is as though the owner...
A lady bird deed is a legal document that defines the rights of a property owner and his or her heirs. It allows the owner to...
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...
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™....
Senate runoffs in Georgia. If the Donkeykongs win both, Mitch McConnell loses his power to obtrude, obstruct and self-destruct. If the Trumpistas win either one, welcome to Great Depression 2. We've already had a taste of what's in store both in 2008 and this year. Those economic ...
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