This form is a Grant Deed with a retained Enhanced Life Estate where the Grantor is an individual and the Grantees are three individuals. 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 Grantees, with the exception of the right to transfer the property by will. Grantees are required to survive the Grantor in order to receive the real property. This deed complies with all state statutory laws.
A Sacramento California Enhanced Life Estate, also known as a Lady Bird Grant Deed, is a legal document used to transfer property ownership from an individual to three individuals with specific rights and conditions. This type of deed allows the granter to retain rights and control over the property during their lifetime, while ensuring a smooth transfer of ownership after their passing. Under this arrangement, the granter (the individual transferring the property) retains complete control, including the right to occupy, use, and manage the property. They also have the ability to sell, mortgage, or dispose of the property, should the need arise. This ensures the granter's autonomy and authority over the property during their lifetime. The Lady Bird Grant Deed derives its name from former First Lady Bird Johnson, who used this type of deed to transfer property to her children. It gained popularity due to its advantageous provisions, primarily the avoidance of probate. By granting the remainder interest immediately to the three individuals, the granter avoids the costly and time-consuming probate process upon their passing. There are various types of Sacramento California Enhanced Life Estate or Lady Bird Grant Deed, including: 1. Sacramento California Joint Tenancy with Enhanced Life Estate: This type of deed allows the granter to transfer ownership to three individuals as joint tenants with survivorship rights. With survivorship rights, when one joint tenant passes away, their share of the property automatically transfers to the surviving joint tenants, without the need for probate. The granter still retains the right to control and enjoy the property during their lifetime. 2. Sacramento California Tenancy in Common with Enhanced Life Estate: With this type of deed, the granter transfers ownership to three individuals as tenants in common. Each individual has a distinct share of the property, and unlike joint tenancy, there are no survivorship rights. This means that upon the granter's passing, their share of the property will be distributed according to their will or applicable laws governing inheritance, going through the probate process. 3. Sacramento California Community Property with Right of Survivorship Enhanced Life Estate: This specific type of deed is applicable when the granter is married or in a recognized domestic partnership. It allows the granter to transfer ownership to the couple as community property with the right of survivorship. This means that upon the passing of either spouse or partner, the surviving spouse or partner automatically receives full ownership of the property without probate. The granter can still enjoy the property during their lifetime. Sacramento California Enhanced Life Estate or Lady Bird Grant Deeds provide a strategic and efficient way to transfer property to three individuals while maintaining control and avoiding probate. It is essential to consult with a qualified attorney to determine the most suitable type of deed based on individual circumstances and preferences.A Sacramento California Enhanced Life Estate, also known as a Lady Bird Grant Deed, is a legal document used to transfer property ownership from an individual to three individuals with specific rights and conditions. This type of deed allows the granter to retain rights and control over the property during their lifetime, while ensuring a smooth transfer of ownership after their passing. Under this arrangement, the granter (the individual transferring the property) retains complete control, including the right to occupy, use, and manage the property. They also have the ability to sell, mortgage, or dispose of the property, should the need arise. This ensures the granter's autonomy and authority over the property during their lifetime. The Lady Bird Grant Deed derives its name from former First Lady Bird Johnson, who used this type of deed to transfer property to her children. It gained popularity due to its advantageous provisions, primarily the avoidance of probate. By granting the remainder interest immediately to the three individuals, the granter avoids the costly and time-consuming probate process upon their passing. There are various types of Sacramento California Enhanced Life Estate or Lady Bird Grant Deed, including: 1. Sacramento California Joint Tenancy with Enhanced Life Estate: This type of deed allows the granter to transfer ownership to three individuals as joint tenants with survivorship rights. With survivorship rights, when one joint tenant passes away, their share of the property automatically transfers to the surviving joint tenants, without the need for probate. The granter still retains the right to control and enjoy the property during their lifetime. 2. Sacramento California Tenancy in Common with Enhanced Life Estate: With this type of deed, the granter transfers ownership to three individuals as tenants in common. Each individual has a distinct share of the property, and unlike joint tenancy, there are no survivorship rights. This means that upon the granter's passing, their share of the property will be distributed according to their will or applicable laws governing inheritance, going through the probate process. 3. Sacramento California Community Property with Right of Survivorship Enhanced Life Estate: This specific type of deed is applicable when the granter is married or in a recognized domestic partnership. It allows the granter to transfer ownership to the couple as community property with the right of survivorship. This means that upon the passing of either spouse or partner, the surviving spouse or partner automatically receives full ownership of the property without probate. The granter can still enjoy the property during their lifetime. Sacramento California Enhanced Life Estate or Lady Bird Grant Deeds provide a strategic and efficient way to transfer property to three individuals while maintaining control and avoiding probate. It is essential to consult with a qualified attorney to determine the most suitable type of deed based on individual circumstances and preferences.
