This form is a Grant Deed with a retained Enhanced Life Estate where the Grantor is an individual and the Grantees are two individuals or husband and wife. Grantor conveys the property to Grantees subject to an enhanced retained life estate. The Grantor retains the right to sell, encumber, mortgage or otherwise impair the interest Grantees might receive in the future, without joinder or notice to Grantee, with the exception of the right to transfer the property by will. Grantees are required to survive the Grantor in order to receive an interest in the real property. This deed complies with all state statutory laws.
Orange California Enhanced Life Estate or Lady Bird Grant Deed is a specific type of property transfer agreement commonly used in the state of California, specifically in Orange County. This legally binding document allows an individual property owner to transfer ownership rights to the property to two individuals, typically a husband and wife, while retaining the right to occupy and control the property during their lifetime. This type of deed is named after Lady Bird Johnson, the former First Lady of the United States, who created a similar arrangement to ensure her property's smooth transfer after her passing. The Orange California Enhanced Life Estate or Lady Bird Grant Deed offers several advantages for both the granter and the grantees. Firstly, it simplifies the property transfer process by eliminating the need for probate court involvement upon the granter's death. By bypassing probate, the granter can avoid potential delays, expenses, and complications that may arise during the transfer of ownership. Additionally, the granter maintains complete control over the property, including the ability to sell, mortgage, or modify it without seeking the grantees' consent. There are primarily two types of Orange California Enhanced Life Estate or Lady Bird Grant Deed: 1. Traditional Lady Bird Deed: This deed allows the granter, typically an individual homeowner, to transfer the property to two individuals, generally a husband and wife, while retaining the right to occupy and control the property during their lifetime. The granter reserves the "enhanced life estate" interest, which grants them full control over the property until their death, at which point the ownership automatically passes to the grantees without the need for probate. 2. Amended Lady Bird Deed: Similar to the traditional version, the amended Lady Bird Deed allows the granter to make changes or amendments to the deed after its initial creation. This flexibility is useful if the granter wishes to update the grantees, modify the property's allocations, or revoke the enhanced life estate interest entirely. The Orange California Enhanced Life Estate or Lady Bird Grant Deed provides a convenient and efficient solution for property owners who wish to streamline the transfer process and ensure a smooth transition of ownership while maintaining control and occupancy during their lifetime. It is advisable to consult with a qualified attorney to understand the legal implications and requirements specific to Orange County, California, before proceeding with this deed.Orange California Enhanced Life Estate or Lady Bird Grant Deed is a specific type of property transfer agreement commonly used in the state of California, specifically in Orange County. This legally binding document allows an individual property owner to transfer ownership rights to the property to two individuals, typically a husband and wife, while retaining the right to occupy and control the property during their lifetime. This type of deed is named after Lady Bird Johnson, the former First Lady of the United States, who created a similar arrangement to ensure her property's smooth transfer after her passing. The Orange California Enhanced Life Estate or Lady Bird Grant Deed offers several advantages for both the granter and the grantees. Firstly, it simplifies the property transfer process by eliminating the need for probate court involvement upon the granter's death. By bypassing probate, the granter can avoid potential delays, expenses, and complications that may arise during the transfer of ownership. Additionally, the granter maintains complete control over the property, including the ability to sell, mortgage, or modify it without seeking the grantees' consent. There are primarily two types of Orange California Enhanced Life Estate or Lady Bird Grant Deed: 1. Traditional Lady Bird Deed: This deed allows the granter, typically an individual homeowner, to transfer the property to two individuals, generally a husband and wife, while retaining the right to occupy and control the property during their lifetime. The granter reserves the "enhanced life estate" interest, which grants them full control over the property until their death, at which point the ownership automatically passes to the grantees without the need for probate. 2. Amended Lady Bird Deed: Similar to the traditional version, the amended Lady Bird Deed allows the granter to make changes or amendments to the deed after its initial creation. This flexibility is useful if the granter wishes to update the grantees, modify the property's allocations, or revoke the enhanced life estate interest entirely. The Orange California Enhanced Life Estate or Lady Bird Grant Deed provides a convenient and efficient solution for property owners who wish to streamline the transfer process and ensure a smooth transition of ownership while maintaining control and occupancy during their lifetime. It is advisable to consult with a qualified attorney to understand the legal implications and requirements specific to Orange County, California, before proceeding with this deed.
