When it comes to estate planning, one of the most common concerns families have is how to protect the family home—often their most valuable asset—without triggering probate. In Texas, one of the most effective tools to accomplish this is a Lady Bird Deed, also known as an Enhanced Life Estate Deed.
What Is a Lady Bird Deed?
A Lady Bird Deed allows you to transfer your home to your chosen beneficiary while maintaining full control of the property during your lifetime. You retain the right to live in the home, rent it out, or even sell it if needed. Upon your death, ownership automatically transfers to your beneficiary without going through probate.
Key Benefits of a Lady Bird Deed
Avoids Probate: Your home transfers directly to your beneficiary, saving time, cost, and stress.
Retain Control: You keep full rights to use and manage the property during your lifetime.
Medicaid Protection: It may help protect your home from Medicaid estate recovery after death.
Cost-Effective: It’s a relatively simple and affordable legal tool compared to trusts or complex probate proceedings.
Is a Lady Bird Deed Right for You?
If you own a home in Texas and want to simplify the transfer process for your loved ones while retaining full control during your lifetime, a Lady Bird Deed may be the perfect solution. It’s especially helpful for seniors or those looking to streamline their estate plan without establishing a full trust.
Let Haugen Law Firm Help You Plan Wisely
At Haugen Law Firm, P.C., we’re proud to serve families and individuals across Denton, Collin, Cooke, Dallas, and Tarrant Counties with trusted legal guidance in family law, criminal defense, and estate planning. If you have questions about your legal rights or need personalized support, our dedicated team is here to help. Contact us today!