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August 2015 Archives

Alternatives to Probate - The Lady Bird Deed

A Lady Bird Deed, also known as an Enhanced Life Estate Deed, is a good probate alternative when you want to leave property to someone after you pass away, but want to retain ownership throughout your lifetime. It is an inexpensive probate alternative for real estate. The beneficiary does not get any rights until you pass away. It is commonly used in Texas because you do not need the beneficiaries consent to convey, sell, or mortgage the property.

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