A lady bird deed or enhanced life estate deed is a way to transfer ownership of your home or other real estate to your intended beneficiaries without the expense of a trust or probate. During your life, this special type of deed allows you to sell or mortgage your home as you decide, change the intended owners, and secure homestead property tax exemption. Title passes upon death to your designated beneficiaries without need of trust administration or probate. This is one possible solution to your estate planning issues. Consult with your estate planning practitioner to see if this fits your individual needs.
Mitch
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