Collect Data For Legal Kentucky Life Documents Newly Widowed Forms For Free

A Lady Bird Deed is a tool used to pass real property, such as your home or land, to your heirs upon your death. A Lady Bird Deed avoids probate. Meaning, the real property passes to your named heirs automatically?without court involvement.

A ladybird deed must have the following: A correct legal description of the property. A statement of the consideration is provided if there is any. The name of the grantor. The name(s) of the beneficiary(ies) (if multiple owners are on title, a specification as to how the co-owners will hold title is required).

Disadvantages of a lady bird deed Available in only five states. Lady bird deeds are currently used only in Florida, Texas, Michigan, Vermont and West Virginia. ... Property taxes may be higher for the beneficiary. States may increase the taxable value of a property when it transfers to your beneficiary when you die.

The deed could get complicated, and its validity contested if it is not recorded correctly or if the legal criteria are not met. If there is no provision for a contingent beneficiary, the transfer on the death deed is rendered ineffective if the named beneficiary passes away before the property owner.

The Kentucky Office of Vital Statistics will, upon receiving the application and fee, perform a search for the record. If the record is on file, a certified copy will be mailed to you. The fee is a search fee, and no refunds are issued in instances where a certificate is not found within Kentucky's records.

Natural Resources Conservation. Provides support to Kentucky's 121 local conservation districts in the development and implementation of sound soil and water conservation programs. Forestry. ... Mining. ... Oil & Gas.