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Gift Deed Texas  Form

Gift Deed Texas Form

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Instructions and help about tx gift deed

the ladybird deed also known as an Enhanced Life Estate Deed is a type of deed used in Texas to transfer ownership of real property land or a home to someone else while retaining the right to live on the property for the rest of one's life this type of deed allows a person to transfer ownership of their property without going through the probate process which can be time consuming and expensive in a ladybird deed the person transferring ownership known as the granter retains a life estate in the property meaning they have the right to live on the property for the remainder of their life upon the grantor's death ownership of the Property Transfers automatically to the person named in the deed known as the remaindermen without the need for probate ladybird Deeds are often used by elderly or terminally ill individuals who want to transfer ownership of their property to their children or other loved ones but also want to ensure they can continue to live on the property for

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