Estate and Elder Law Planning Using Lady Bird Deeds – Part 5 Unresolved and Contentious Issues

Although much has been written about Lady Bird Deeds, there still persist many unresolved issues and differences of opinion. For example, The Fund has been clear about not insuring title when a life tenant under a Lady Bird Deed reconveys the property to himself or herself or to a related party, such as a revocable [...]

By | August 29th, 2014|Lady Bird Deed|0 Comments

Estate and Elder Law Planning Using Lady Bird Deeds – Part 4 Practical Applications

Some of the typical Lady Bird Deed scenarios include a husband and wife retaining a life estate, with the remainder to children upon their death. The remaindermen can be tenants in common or joint tenants with right of survivorship. If there are several remaindermen and the mechanics of working with such a large family or [...]

By | August 16th, 2014|Lady Bird Deed|0 Comments

Estate and Elder Law Planning Using Lady Bird Deeds – Part 3 The Fund’s Position

The Funds’ position regarding judgments against the life tenant or remainderman, death of the remainderman prior to the life tenant, homestead, and elective share are discussed below. Judgments recorded against the life tenant in the county where the property is located will be insured depending on the circumstances. If a lawsuit has been filed prior [...]

By | August 1st, 2014|Lady Bird Deed|0 Comments