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Enhanced life estate deeds, affectionately nicknamed Lady Bird deeds, can be an effective tool in real estate to transfer ownership of real property upon death. They got their nickname when ...
A life estate deed is an easy and inexpensive way to protect your primary residence from being subject to Medicaid Estate Recovery upon your death. Per prior articles, your real estate is not a ...
A lady bird deed, or an enhanced life estate deed, allows a homeowner to automatically transfer their home to their beneficiaries without going through probate. As probate can be an expensive ...
A life estate is established with a deed that states that the occupant of the property is allowed to use it for the duration of their life. The deed will also name the individual who will receive ...
Life estates are often used as a way to transfer property to your heirs while ensuring you can live in your home your entire life. You create a deed naming yourself as life tenant and your ...
I was told by a real estate title expert that if I sign a revocable life estate deed as grantor, giving my sister and her husband a life estate in the property as grantees, they would then be ...
One option they may recommend is a life estate deed (aka lady bird deed) or perhaps setting up a trust to put the property in. Here’s the downside to adding your children to your deed via a quit ...