A LADY BIRD DEED avoids probate. Upon the property owner’s death, the property is transferred to the designated beneficiaries without the need for probate court proceedings. This can save time and money for the beneficiaries and help avoid potential legal complications.
A LADY BIRD DEED is reversible. The property owner can change their mind or revoke the ladybird deed during their lifetime, making it a flexible estate planning tool.
Essentially, the LADY BIRD DEED is a ‘transfer on death’ deed.