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2016 U.S. Legal Forms, Inc.TEXASENHANCED LIFE ESTATE WARRANTY DEED A.K.A. Lady Bird Deed Two Individuals / Husband and Wife to an Individual Control Number: TX0383I. TIPS ON COMPLETING THE Forsythe
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How to fill out enhanced life estate deed

01
To fill out an enhanced life estate deed, follow these steps:
02
Begin by obtaining the required form for an enhanced life estate deed.
03
Fill in the personal information of the grantor (the current owner of the property) and the grantee (the person receiving the life estate with enhanced rights).
04
Provide a legal description of the property that the deed applies to.
05
Indicate the specific rights and powers that the grantor intends to retain during their lifetime.
06
Specify any conditions or limitations on the grantee's use of the property.
07
Sign and date the deed in the presence of a notary public.
08
Have the deed recorded at the appropriate local government office for real estate records.
09
Provide a copy of the recorded deed to both the grantor and the grantee for their records.
10
It is advisable to seek legal assistance or consult with a real estate attorney to ensure the correct and accurate completion of an enhanced life estate deed.

Who needs enhanced life estate deed?

01
An enhanced life estate deed is commonly used by individuals who wish to transfer real estate property to someone else while retaining certain rights during their lifetime. Here are some examples of individuals who may need an enhanced life estate deed:
02
- Elderly individuals who want to transfer their property to their children or beneficiaries, while still having the right to occupy and use the property during their lifetime.
03
- Individuals who want to avoid probate and ensure a smooth transfer of property upon their death.
04
- Individuals who want to protect their property from potential creditors or Medicaid liens by transferring it to their heirs while still retaining certain rights.
05
It is important to consult with a legal professional to determine if an enhanced life estate deed is the appropriate solution for your specific situation.

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An enhanced life estate deed, also known as a lady bird deed, allows a property owner to retain control over their property while giving the right of ownership to beneficiaries upon their death.
The property owner who wishes to transfer their property with the enhanced life estate deed is required to file it.
To fill out an enhanced life estate deed, include the property owner's name, the beneficiaries' names, a legal description of the property, and the statement that the owner retains a life estate.
The purpose of an enhanced life estate deed is to facilitate the transfer of property upon death without going through probate, while allowing the property owner to retain rights to use and control the property during their lifetime.
The enhanced life estate deed must report the property owner's information, the beneficiaries' information, a legal description of the property, and the terms of the life estate.
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