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Old 07-27-2018, 05:10 PM
 
9 posts, read 7,751 times
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When we buy a house, we typically get the Title and the regular warranty deed to the house. While there are many types of real estate deeds, I am especially interested in one ... .the Lady Bird deed (or enhanced lifetime estate deed). Question is : during closing, can the transfer of the property ownership be done using the Lady Bird deed instead of the regular warranty deed. Of course, the Lady Bird deed would include the name(s) of the intended beneficiaries.

OR

must the deed be the standard warranty deed (transfer ownership to the buyer), which is more straightforward.
Thank you for any insight or experience some of you may have on this topic.
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Old 07-28-2018, 05:01 AM
 
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I worked at a title company for just over a year in Naples and left earlier this year. So there was one instance I remember the senior escrow officer and owner were having a discussion about a lady bird deed but I wasn't really folowwing.



My complete guess is maybe warranty deed first from sellers and then doing a lady bird deed after previous owners.are out of the picture. Kind of like how some people quit claim themselves into the their trusts names so they are acting as both both the grantees and grantor.
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Old 07-29-2018, 09:20 AM
 
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Thanks for the reply, JPrzybylski07. Yes, what you mentioned is certainly a common way to do so in the sense that the change to a Lady Bird deed is usually done while you own the property rather than when you buy the property. So hope that someone may have knowledge on the latter possibility; i.e., getting a Lady Bird deed during the purchase and transfer of a property. The latter method, if possible (from the Title company), could save a couple of hundred dollars by not needing to use legal help to do the same thing later.
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