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Lady Bird Trust In Texas. A Lady Bird Deed is a nickname given to an Enhanced Life Estate Deed which is used to convey property to your heirs outside of probate. So there was a Lady Bird Deed filed the same day a Revocable Trust was formed.
What Is A Lady Bird Deed In Texas Benefits Disadvantages from thomas-walters.com
It sounds to me like they do the same thing. Lady Bird Deeds are a product of common law whereas Transfer on Death Deeds are product of statute. So there was a Lady Bird Deed filed the same day a Revocable Trust was formed.
Does the GranteeTrustee have more rights to all of the property under the Deed.
However a grantor may solve these problems by naming the successor trustee of the grantors living trust as the default beneficiary in the Lady Bird deed. Texas Ladybird Deed Overview. In Texas the state can make a claim against such homestead if it passes by probate or intestacy no will. Facts and Procedural History.
