Experience the Efficiency of New York Enhanced Life Estate or Lady Bird Warranty Deed from Individual to two Individuals

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TOD deeds allow you to name beneficiaries who will receive the property when you die, without the need for probate. With the TOD deed, you remain the owner of your property. Your heirs do not own any portion of the property during your life, avoiding the problems discussed above.
A lady bird deed, also called an enhanced life estate deed, lets you pass your property passes down without going through probate. Lady bird can also keep property in the family without sacrificing Medicaid eligibility or subjecting the asset to state efforts to recover Medicaid costs after you die.
An Enhanced Life Estate Deed works by allowing the original owner of the property, known as the life tenant, to maintain full ownership of their property throughout their lifetime. This includes giving them the ability to both mortgage and sell the property without the beneficiary having a say over the decision.
A Lady Bird Deed is an estate planning tool that enables a Medicaid beneficiary to protect their home from the Medicaid Estate Recovery Program. It allows the home to go to a loved one as inheritance, rather than go to the states Medicaid agency as reimbursement of long-term care costs paid.
Potential for Legal Disputes In some cases, disputes can arise if the grantor decides to sell the property or change the beneficiary after the deed has been executed. These disputes can be costly and time-consuming, negating some of the benefits of the Lady Bird deed.

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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.

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