Lady bird deed 2026

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  1. Click ‘Get Form’ to open the lady bird deed in the editor.
  2. Begin by entering the names and addresses of the Grantors in the designated fields. Ensure accuracy as this information is crucial for legal validity.
  3. Next, fill in the Grantee's details, including their name and address. This identifies who will receive the property.
  4. In the section for property description, provide a clear legal description of the property being transferred. You may refer to Exhibit A for additional details.
  5. Indicate any exemptions from real estate transfer tax by selecting the appropriate subsections provided in the form.
  6. Finally, ensure both Grantors sign and date the document. Notary acknowledgment is also required; complete this section accordingly.

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A Lady Bird Deed only addresses one asset: real estate. A trust can include your home and your bank accounts, vehicles, investments, and personal belongings. Its a true all-in-one solution. A Lady Bird Deed doesnt help if you become unable to manage your affairs.
Choosing between a Lady Bird Deed and a Transfer on Death Deed depends on your personal situation. If maintaining full control over the property during your lifetime is a priority, and you want the flexibility to make changes without re-recording a deed, a Lady Bird Deed may be the better choice.
Key Benefits of a Lady Bird Deed Retains Full Control: You can sell, lease, mortgage, or revoke the deed at any time without the beneficiarys permission. Avoids Medicaid Recovery: Property transferred via a Lady Bird Deed is not subject to Medicaid estate recovery, protecting your home from Medicaid recovery.
Avoiding Probate A Lady Bird Deed helps your property automatically transfer to your beneficiaries without going through probate. For example, if Peter passes away, Paul and Mary would automatically inherit the home, without waiting months for probate to finish.

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