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Enhanced Life Estate or Lady Bird Quitclaim Deed from an Individual to Three Individuals California Form

Enhanced Life Estate or Lady Bird Quitclaim Deed from an Individual to Three Individuals California Form

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deeper Deeds are very popular right now I'm elderlan estate planning attorney Aaron Solomon I own a law firm here in Michigan and we help families with their estate planning I use ladybird deeds in my practice all the time but they have to be right in that certain set of circumstances and with the family Dynamics for those of you don't who don't know what a ladybird deed is it basically allows you to name someone in your deed to receive your home when you pass away it's basically like a beneficiary designation the problem is that if the person you name passes away before you or at the same time as you you will basically have no one listed and it will go through probate now if you're in Michigan in a nursing home on Medicaid you absolutely need a ladybird deed because that's the only way for the home to avoid probate and not pass to the state so ladybird Deeds are great in many situations but if your beneficiary passes away make sure you u

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