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sherri
Guest
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Post subject: lady bird deed |
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| Jessica is the Lady bird deed applicable in New York and is it applicable if there is no mortgage? thank you |
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Hal
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Post subject: Ladybird Deed |
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| Is it possible to have a Ladybird Deed for the Grantor and Grantee as Texas residents but the property to be in Florida? Or for the Grantor and property in Florida but the Grantee to be a resident of Texas? Can there be two Grantees with shared Grantee status? |
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smithsussane
Joined: 18 Sep 2008
Posts: 10439
Location: Alaska
985.83 Dollars($)
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Post subject: |
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Hi!
Welcome to forums!
To sherri,
Ladybird deed has nothing to do with the mortgage. You can use it to transfer property from one person to another. As far as I know, ladybird deed is acceptable in states like Florida, Texas, Ohio, California, and Kansas. You can contact a New York based attorney and take his opinion in this matter.
To Hal,
If the property is located in Florida, then ladybird deed should be the one accepted in Florida. Two grantees can transfer property to someone else using a ladybird deed.
Feel free to ask if you've further queries.
Sussane |
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Hal
Guest
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Post subject: Ladybird deed in different state |
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| Sussane- Thanks for the reply. I actually missed the second part of my question. I was wondering of there can be two recipients that share the property when the Grantor dies? And is the distribution of value between the Grantees established in the deed? |
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jameshogg
Joined: 20 Dec 2005
Posts: 10467
Location: Nevada
988.72 Dollars($)
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Post subject: |
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Hi Hal,
There can be two recipients of the same property after the grantor dies. The grantor can transfer the property to two heirs before his/her death. The grantor can mention the distribution of values in the property deed.
Thanks |
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jaggs76
Guest
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Post subject: lady bird deed |
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| does arkansas except the lady bird deed. |
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smithsussane
Joined: 18 Sep 2008
Posts: 10439
Location: Alaska
985.83 Dollars($)
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Post subject: |
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Hi jaggs!
Welcome to forums!
As far as I know, the ladybird deed is not considered valid in Arkansas. However, I would suggest you to contact a real estate attorney based in Arkansas and take his opinion in this matter.
Feel free to ask if you've further queries.
Sussane |
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Darcey
Guest
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Post subject: Who needs to witness a lady bird doc in Florida? |
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| It looks like they require 2 witness signatures, can the grantee or grantee's wife sign or does it have to be someone completely different. |
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smithsussane
Joined: 18 Sep 2008
Posts: 10439
Location: Alaska
985.83 Dollars($)
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Post subject: |
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Hi Darcey!
Welcome to forums!
As far as I know, any person who has attained the age of 18 years of age can sign as a witness. However, some states may have different rules concerning witnesses. So, you should check out your state laws in this regard. Also, it should be remembered that if a person is benefiting from anything in the concerned document, then he or she can't be a witness to that document.
Feel free to ask if you've further queries.
Sussane |
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jcrowe51@msn.com
Guest
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Post subject: Lady Bird |
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| Is this application applicable in New Hampshire?? |
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jameshogg
Joined: 20 Dec 2005
Posts: 10467
Location: Nevada
988.72 Dollars($)
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Hi jcrowe,
As far as I know, a ladybird deed is applicable in Florida, Texas, Ohio, California, and Kansas. Thus, it's not applicable in New Hampshire.
Thanks |
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V J Swain
Guest
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Post subject: update on Lady Bird Johnson Deed |
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| Is the information on the Lady Bird Johnson deed currently accurate for 2010 in the state of Texas? (concerning protection from nursing home obtaining home) |
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Sha in Okla
Guest
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Post subject: Question about Ladybird Deed & Liens |
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| If I have a LBD on my mothers home and she has outstanding debt to the IRS or the State of OK Revenue Service, can those agencies place a lien on the property while she is still living? |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 2708
Location: MICHIGAN
429.63 Dollars($)
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Post subject: |
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Hi V J Swain,
As far as I know, there has been no change concerning protection from nursing home regarding the home. However, for better information in this matter, get in touch with a real estate attorney of your state.
Hi Sha,
If the property taxes regarding the said property has not been paid off on time, then the IRS and the State Revenue Service can place a lien on that property.
Thanks,
Jerry |
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TAP2
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Post subject: |
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| Due to the economy we (my sister, my wife and I) were going to move into our parents home. They are in a nursing facility; can we do this without penalty; can medicaid still take the home for payment? |
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