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| Forms > Texas > Enhanced Life Estate Deed |
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Texas Enhanced Life Estate Deed Forms
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A Lady Bird deed, also called an enhanced life estate deed or reservation of a life estate with a general power of appointment, is a useful estate planning tool. When executed, the grantor conveys a life estate in real property to himself, with the remainder conveyed to the beneficiary of his choice, thereby avoiding the probate process. This type of deed enables the grantor to preserve homestead status (if claimed) as well as any deductions, protections, and tax exemptions associated with the real estate during his lifetime. In addition, he retains absolute control over the property, allowing for the option to change the beneficiary or even sell, convey, or mortgage the property before the transfer of ownership goes into effect upon the grantor’s death.
Texas Enhanced Life Estate Deed forms must meet
local and state
statutory requirements for
content and format. The most
important county formatting
requirements in Texas are
the margin requirements. Failing
to meet the recorder's document
margin requirements can lead to
the document being assessed with
a non-compliant fee or being
outright rejected for recording.
Select the county in
Texas where the
PROPERTY is located.
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| Texas Enhanced Life Estate Deed Forms Have Been Updated as Recently as Friday May 24, 2013 |
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