This form is a Warranty Deed with a retained Enhanced Life Estate where the Grantor is an individual and the Grantees are three individuals. The form is also known as a "Lady Bird" Deed. 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. This deed complies with all state statutory laws.
Bexar County, located in Texas, offers two types of property transfer documents known as the Enhanced Life Estate Deed and the Lady Bird Warranty Deed. These legal instruments allow individuals to transfer their property to three other individuals in a controlled and structured manner. Let's take a closer look at each of these documents. 1. Bexar Texas Enhanced Life Estate Deed: The Enhanced Life Estate Deed, often referred to as the "Lady Bird Deed," enables property owners to retain control over their property during their lifetime while ensuring its smooth transition to their chosen recipients upon their death, without the need for probate. This type of deed provides the granter with enhanced rights compared to a traditional life estate deed. The granter maintains the authority to sell, mortgage, or revoke the deed without requiring the consent of the remainder beneficiaries (the three individuals intended to receive the property after the granter's death). This shines as a beneficial tool for estate planning, as it allows the granter to have peace of mind while still enjoying their property. 2. Bexar Texas Lady Bird Warranty Deed: The Lady Bird Warranty Deed, also known as the "Lady Bird Deed with Enhanced Warranty of Title," operates under similar principles as the Enhanced Life Estate Deed but provides additional protections to the grantee (recipient). While the granter retains control over the property during their lifetime, this type of deed guarantees an enhanced warranty of title to the grantee(s) upon the granter's death. The enhanced warranty of title ensures that the property is transferred without any encumbrances or claims against it. This variant of the Lady Bird Deed is helpful when the granter wishes to provide a robust guarantee of the property's title quality to the recipients. By utilizing either the Enhanced Life Estate Deed or the Lady Bird Warranty Deed, individuals can efficiently convey their properties to three chosen individuals. These deeds offer flexibility, control, and various provisions to simplify the property transfer process, all while minimizing complications and preserving the integrity of the title.Bexar County, located in Texas, offers two types of property transfer documents known as the Enhanced Life Estate Deed and the Lady Bird Warranty Deed. These legal instruments allow individuals to transfer their property to three other individuals in a controlled and structured manner. Let's take a closer look at each of these documents. 1. Bexar Texas Enhanced Life Estate Deed: The Enhanced Life Estate Deed, often referred to as the "Lady Bird Deed," enables property owners to retain control over their property during their lifetime while ensuring its smooth transition to their chosen recipients upon their death, without the need for probate. This type of deed provides the granter with enhanced rights compared to a traditional life estate deed. The granter maintains the authority to sell, mortgage, or revoke the deed without requiring the consent of the remainder beneficiaries (the three individuals intended to receive the property after the granter's death). This shines as a beneficial tool for estate planning, as it allows the granter to have peace of mind while still enjoying their property. 2. Bexar Texas Lady Bird Warranty Deed: The Lady Bird Warranty Deed, also known as the "Lady Bird Deed with Enhanced Warranty of Title," operates under similar principles as the Enhanced Life Estate Deed but provides additional protections to the grantee (recipient). While the granter retains control over the property during their lifetime, this type of deed guarantees an enhanced warranty of title to the grantee(s) upon the granter's death. The enhanced warranty of title ensures that the property is transferred without any encumbrances or claims against it. This variant of the Lady Bird Deed is helpful when the granter wishes to provide a robust guarantee of the property's title quality to the recipients. By utilizing either the Enhanced Life Estate Deed or the Lady Bird Warranty Deed, individuals can efficiently convey their properties to three chosen individuals. These deeds offer flexibility, control, and various provisions to simplify the property transfer process, all while minimizing complications and preserving the integrity of the title.
