This form is a Grant Deed with a retained Enhanced Life Estate where the Grantors are two individuals or husband and wife and the Grantee is an individual. Grantors convey the property to Grantee subject to an enhanced retained life estate. The Grantors retains the right to sell, encumber, mortgage or otherwise impair the interest Grantee might receive in the future, without joinder or notice to Grantee, with the exception of the right to transfer the property by will. Grantee is required to survive the Grantors in order to receive the real property. This deed complies with all state statutory laws.
Fullerton California Enhanced Life Estate or Lady Bird Grant Deed is a legal document that enables two individuals, or a husband and wife, to convey property to an individual while retaining certain rights during their lifetime. This type of deed is commonly used in estate planning to ensure a smooth transfer of property and avoid probate. The Fullerton California Enhanced Life Estate or Lady Bird Grant Deed provides the granter(s), who are the individuals transferring the property, with the right to use and control the property throughout their lifetime. They retain full ownership and can make decisions regarding the property, including selling, leasing, or refinancing it without the consent of the grantee (the individual receiving the property). There are different variations of the Fullerton California Enhanced Life Estate or Lady Bird Grant Deed, including: 1. Traditional Life Estate: In this type of deed, the granter(s) transfer the property to the grantee but reserve the right to live in and use the property until their death. After their demise, the property is fully transferred to the grantee without the need for probate. 2. Lady Bird Deed: Named after Lady Bird Johnson, this type of deed adds a feature to the traditional life estate. The granter(s) not only reserve the right to use and control the property during their lifetime but also have the ability to revoke or sell the property without the grantee's consent. This feature provides flexibility and control to the granter(s) while ensuring a seamless transfer of the property. 3. Husband and Wife Enhanced Life Estate Deed: This deed is specifically designed for married couples who wish to transfer their property to an individual without the need for probate. The granter(s) retain the right to live in and use the property until the death of the surviving spouse, after which the property is fully transferred to the grantee. 4. Joint Tenancy with Enhanced Life Estate Deed: This type of deed is appropriate when two individuals own the property as joint tenants and want to transfer their interest to an individual while retaining their right to use and control the property throughout their lifetime. Upon the death of the last surviving joint tenant, the property is transferred directly to the grantee without probate. By utilizing the Fullerton California Enhanced Life Estate or Lady Bird Grant Deed, individuals can efficiently transfer their property while maintaining control and avoiding probate. It is important to consult with a qualified attorney or estate planning professional to ensure the deed accurately reflects the granter(s)' intentions and complies with California law.Fullerton California Enhanced Life Estate or Lady Bird Grant Deed is a legal document that enables two individuals, or a husband and wife, to convey property to an individual while retaining certain rights during their lifetime. This type of deed is commonly used in estate planning to ensure a smooth transfer of property and avoid probate. The Fullerton California Enhanced Life Estate or Lady Bird Grant Deed provides the granter(s), who are the individuals transferring the property, with the right to use and control the property throughout their lifetime. They retain full ownership and can make decisions regarding the property, including selling, leasing, or refinancing it without the consent of the grantee (the individual receiving the property). There are different variations of the Fullerton California Enhanced Life Estate or Lady Bird Grant Deed, including: 1. Traditional Life Estate: In this type of deed, the granter(s) transfer the property to the grantee but reserve the right to live in and use the property until their death. After their demise, the property is fully transferred to the grantee without the need for probate. 2. Lady Bird Deed: Named after Lady Bird Johnson, this type of deed adds a feature to the traditional life estate. The granter(s) not only reserve the right to use and control the property during their lifetime but also have the ability to revoke or sell the property without the grantee's consent. This feature provides flexibility and control to the granter(s) while ensuring a seamless transfer of the property. 3. Husband and Wife Enhanced Life Estate Deed: This deed is specifically designed for married couples who wish to transfer their property to an individual without the need for probate. The granter(s) retain the right to live in and use the property until the death of the surviving spouse, after which the property is fully transferred to the grantee. 4. Joint Tenancy with Enhanced Life Estate Deed: This type of deed is appropriate when two individuals own the property as joint tenants and want to transfer their interest to an individual while retaining their right to use and control the property throughout their lifetime. Upon the death of the last surviving joint tenant, the property is transferred directly to the grantee without probate. By utilizing the Fullerton California Enhanced Life Estate or Lady Bird Grant Deed, individuals can efficiently transfer their property while maintaining control and avoiding probate. It is important to consult with a qualified attorney or estate planning professional to ensure the deed accurately reflects the granter(s)' intentions and complies with California law.
