This form is a Quitclaim Deed with retained Enhanced Life Estates where the Grantors are two individuals or husband and wife and the Grantees are two individuals or husband and wife. Grantors convey the property to Grantees subject to an enhanced retained life estate. The Grantors 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 Grantors in order to receive the real property. This deed complies with all state statutory laws.
San Bernardino California offers various types of Enhanced Life Estate or Lady Bird Quitclaim Deeds from Two Individuals, or Husband and Wife, to Two Individuals, or Husband and Wife. Let's delve into the details of these different types and understand their key features! 1. Enhanced Life Estate Deed — San Bernardino, CA: Enhancing the traditional life estate deed, the Enhanced Life Estate Deed provides additional benefits and flexibility for property owners. This type of deed allows the granting individuals (or husband and wife) to retain full control and ownership of the property during their lifetime, while also providing a seamless transfer of the property to the remainder men (the designated individuals who will inherit the property) upon the granting individuals' death. This deed offers ease of transfer, probate avoidance, and creditor protection to safeguard the beneficiaries' interest. 2. Lady Bird Quitclaim Deed — San Bernardino, CA: The Lady Bird Quitclaim Deed, named after former First Lady, Lady Bird Johnson, is a popular option in San Bernardino, CA. Similar to an Enhanced Life Estate Deed, it allows the property owners (or husband and wife) to maintain complete control and ownership rights during their lifetime. It offers the unique advantage of providing the granting individuals with the ability to freely sell, mortgage, or transfer the property without any restrictions during their lifetime. The remainder men (or designated individuals) only gain ownership rights after both the granting individuals pass away. This type of deed enables seamless inheritance and avoids probate. These San Bernardino-specific Enhanced Life Estate Deeds and Lady Bird Quitclaim Deeds provide individuals or spouses with tailored options to pass down their property while ensuring flexibility, control, and legal protection.
