LADY BIRD DEEDS TEXAS
PROFESSIONALLY PREPARED BY AN ATTORNEY
Open 7 days a week
Texas Property Deeds is a service of the Steinbach Law Firm
Board Certified Residential Real Estate Law
Same Day Transfer
Deeds prepared professionally and correctly
Same Day Transfer
Board Certified Residential Real Estate Law
STEP 2
PAY ONLINE
You will receive an invoice for your deed via email. Pay securely online. No account necessary.
Price $195
STEP 3
RECEIVE YOUR DEED
Once payment is received, your deed will be emailed to you. Clear instructions on how to sign and record your deed will be included.
STEP 2
PAY ONLINE
You will receive an invoice for your deed via email. Pay securely online. No account necessary.
Price $195
STEP 3
RECEIVE YOUR DEED
Once payment is received, your deed will be emailed to you. Clear instructions on how to sign and record your deed will be included.
What is a Lady Bird Deed
This deed is a unique type of life estate deed. The lady bird deed is sometimes known as an “Enhanced Life Estate Deed”.
Differing from the Life Estate Deed, the Lady Bird Deed DOES give grantor the option to change the grantee without the consent of the grantee. The grantor also retains the right to sell or mortgage the property.
Enhanced Life Estate Deed Texas
The owner who creates a Ladybird Deed or Enhanced Life Estate Deed transfers their own real property to themselves for their lifetime and becomes known as a “life tenant”.
- The grantor is known as the Life Tenant.
- This transfer creates a life estate.
- The grantor names a beneficiary who becomes the “Remainderman”.
- The beneficiary is the grantee and is known as the remainderman.
- Grantor can name one or more people, organizations of trusts as grantee.
Upon the life tenant’s death, the property transfers to the remainderman without the need for probate.
Note: The information provided is not intended as tax advice. Please consult a CPA or a tax advisor for tax questions.
Points about Lady Bird Deeds
- A lady bird deed gives the life tenant complete control of the property. Life tenant maintains the right to use the property in any legal way they chose during his or her lifetime.
- The life tenant may change the remainderman at any time without consent from the original remainderman.
- Life tenant may mortgage or sell the property without consent of the remainderman.
- As control is retained by the life tenant, this transfer may be considered an incomplete gift for tax purposes.
- As the property transfers by deed to the remainderman upon life tenants’ death, it does not require probate.
- This deed protects the homestead status of the property.
- This deed should not have an effect on the life tenants ability to qualify for medicaid.
Read about:
Life Estate Deeds
Residential Real Estate Lawyer
At Texas Property Deeds, your Lady Bird Deed will be prepared by a Texas licensed attorney board certified by the Texas Board of Legal Specialization in Residential Real Estate Law.
With over 30 years experience in real estate law, your documents will be prepared professionally and correctly.
Keep in mind: It is recommended, if you anticipate that you would like to create a Lady Bird Deed, to do so sooner rather than later.
Do you have questions about Lady Bird Deeds? Call and speak directly with attorney Scott Steinbach. 972-960-1850
Texas Property Deeds is a service of The Steinbach Law Firm. The Steinbach Law Firm prepares all documents for any real estate transaction in Texas.
Our service stands above the rest offering you:
Questions? Call Us!
Questions? Call Us!
Texas Property Deeds prepares documents for title transfers for any Texas real estate property.
Call attorney Scott Steinbach at 972-960-1850.
Email: SteinbachLaw@airmail.net