Ladybird deed or Enhanced life estate deed Transfer on Death

Guest 0.10 Dollars($)

Can you tell me where I can find a Ladybird deed or Enhanced life estate deed for Texas on line. I would like to see the form.

Thank You

Welcome to Mortgagefit forum.

Ladybird deed or Enhanced life estate deed can be used to avoid probate procedure.

Let me explain how it works.

Owner(s)/grantor(s) of the house make a deed and name his beneficiaries as grantee(s). With such a deed the person retains a life estate upon the property with the right to sell the said property any time he likes. By making the deed:
Ownership remains with the grantors,
The grantors retains the right to revoke the deed at any time and
If the property is not sold during the lifetime of the grantors, then it passes on to the named grantees without the need for a probate after the death of the last grantor.
Let me know if you have any other question about this type of deed.

Colin

jenkin7 · Joined: 04 Jun 2007 Posts: 879 130.87 Dollars($)

Hello Whitevolvo,

Your post has already been replied here at http://www.mortgagefit.com/texas/ladybird-form.html

Kindly have a look at it.

Niicss · Joined: 03 Oct 2005 Posts: 662 94.17 Dollars($)

There are hardly such forms available online. You have to purchase the form to see it. The best way is to get it drafted by an attorney.

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