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Enhanced Life Estate or Lady Bird Quitclaim Deed from Individual to Two Individuals or Husband and Wife - Texas 2025

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The document is a Texas Enhanced Life Estate Quitclaim Deed, also known as a Lady Bird Deed, which allows individuals to transfer property while retaining certain rights during their lifetime. It outlines tips for completing the forms, explains how property can be held in concurrent estates (such as Tenants in Common or Joint Tenants with Right of Survivorship), and includes disclaimers regarding legal advice. The deed specifies the rights retained by the grantor and conditions under which the grantees will inherit the property after the grantor's death.

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How to use or fill out Enhanced Life Estate or Lady Bird Quitclaim Deed from Individual to Two Individuals or Husband and Wife - Texas

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Click ‘Get Form’ to open it in the editor.
Begin by entering the effective date of the deed at the top of the form.
Fill in the Grantor's name, followed by the names and addresses of both Grantees.
Specify the property address and include a legal description as outlined in Exhibit A.
Indicate how Grantees will hold the property: as Tenants in Common, Joint Tenants with Right of Survivorship, Community Property, or Community Property with Right of Survivorship.
Review any reservations and exceptions that apply to the conveyance, ensuring all necessary details are included.
Have the Grantor sign and date the deed, then ensure notarization is completed for legal validity.

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Can you put two people on a lady bird deed?

Control and Retention: Ladybird Deeds allow the original owner to retain rights during their lifetime, whereas Quitclaim Deeds transfer ownership immediately.

Do you pay taxes on a lady bird deed in Texas?

Lady Bird deeds allow you to retain whats called a life estate plus in the property. This means you keep full ownership rights during your lifetime, including the power to sell, lease, or even mortgage the property without needing the beneficiarys consent.

What are the disadvantages of a ladybird deed in Texas?

0:06 6:44 Deed. Then they have to agree. With what is going to be done with the house is it going to be sold.MoreDeed. Then they have to agree. With what is going to be done with the house is it going to be sold.