Posted on: 25th Aug, 2009 06:41 am
what is a ladybird deed
Lady bird deed is a legal document using which you can transfer property to your heirs. To know more about ladybird deed, check out the following page:
http://www.mortgagefit.com/know-how/ladybirddeed.html
http://www.mortgagefit.com/know-how/ladybirddeed.html
hi walter,
A "Lady Bird" deed is also known as an enhanced life state deed.it is a variation of a quitclaim deed that currently enables an individual to retain their homestead creditor and tax exemption, have the home be exempt from Medicaid claims during their lifetime, while at the same time enable named persons to receive the home upon death, free of Medicaid claims and liens.
A "Lady Bird" deed is also known as an enhanced life state deed.it is a variation of a quitclaim deed that currently enables an individual to retain their homestead creditor and tax exemption, have the home be exempt from Medicaid claims during their lifetime, while at the same time enable named persons to receive the home upon death, free of Medicaid claims and liens.