This form is a Quitclaim 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.
The Huntington Beach California Enhanced Life Estate, also known as the Lady Bird Quitclaim Deed, is a legal instrument that allows an individual to transfer property to two individuals, typically husband and wife, while retaining certain rights and benefits during their lifetime. This type of deed offers enhanced protections for the granter by providing them with the ability to occupy and use the property until their death, ensuring a comfortable and secure living arrangement. A Lady Bird Quitclaim Deed is often employed in estate planning and asset protection strategies due to its unique features. The granter, who is usually an elderly individual, can transfer the property to the two individuals (often adult children or close family members) as joint tenants with rights of survivorship. This means that upon the death of one of the individuals, the surviving spouse or joint tenant automatically acquires full ownership of the property, bypassing the need for probate. Keywords: Huntington Beach California, Enhanced Life Estate, Lady Bird Quitclaim Deed, individual, two individuals, husband and wife, types, estate planning, asset protection, joint tenants with rights of survivorship, probate.The Huntington Beach California Enhanced Life Estate, also known as the Lady Bird Quitclaim Deed, is a legal instrument that allows an individual to transfer property to two individuals, typically husband and wife, while retaining certain rights and benefits during their lifetime. This type of deed offers enhanced protections for the granter by providing them with the ability to occupy and use the property until their death, ensuring a comfortable and secure living arrangement. A Lady Bird Quitclaim Deed is often employed in estate planning and asset protection strategies due to its unique features. The granter, who is usually an elderly individual, can transfer the property to the two individuals (often adult children or close family members) as joint tenants with rights of survivorship. This means that upon the death of one of the individuals, the surviving spouse or joint tenant automatically acquires full ownership of the property, bypassing the need for probate. Keywords: Huntington Beach California, Enhanced Life Estate, Lady Bird Quitclaim Deed, individual, two individuals, husband and wife, types, estate planning, asset protection, joint tenants with rights of survivorship, probate.
