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Real Estate Transfers
Not all deeds are created equal... And each should be understood for the pros and cons of use.
Quit Claim Deed
A Quit Claim Deed allows a person to transfer whatever interest they own to another person or entity, or add someone as a joint owner to their property.
Life Estate Deed (Lady Bird Deed)
A Life Estate Deed, also known as a "Lady Bird Deed", allows the transfer of real estate to another person or people upon death; but while the owner is alive, the owner maintains the same rights as before.
Deed to Trust
A deed used to transfer ownership of real estate to a Trust can have significant benefit, by using a vehicle (Trust) that avoids probate; and potentially allows Beneficiaries additional protections not afforded to them in other types of property transfers.
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