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Estate Planning

Monday, August 28, 2017

The Benefits of a Lady Bird Deed


Also referred to as an “enhanced life estate deed,” the lady bird deed is a useful estate planning tool that allows for the automatic transfer of property to a designated beneficiary upon death. It also has the added benefit of allowing you to retain full ownership rights of the property during your lifetime. It is very similar to the traditional life estate deed, but the added benefit is that you, as the property owner, can still sell, mortgage, or make other property related transactions without seeking the approval from the “remainderman” or “remainder beneficiaries.
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