What You Need To Know About The Lady Bird Deed

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  • čas přidán 8. 09. 2024
  • Attorney Williams describes the advantages and disadvantages of the popular Lady Bird Deed.
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Komentáře • 19

  • @kenyu4258
    @kenyu4258 Před 2 měsíci +1

    Thank you for the explanation....I understand that the original owner of the house is excluded from the first $250k ($500k for couples) of the capital gain from selling the house; once a Lady Bird Deed is written, when the owner sells the house during their life time, will the owner still have that capital gain tax exclusion?

  • @mstarr67
    @mstarr67 Před rokem

    Thank you for sharing your knowledge with us.

  • @globalfamilysuccessinstitu1008

    Wow! I never heard of this! This great information. Thanks you!

  • @lordmasiah8665
    @lordmasiah8665 Před rokem

    Thank you

  • @elleivers9387
    @elleivers9387 Před 2 lety

    You said to be aware that creditors of the remainderman/Beneficiary could attach a lien or judgement to property. Can that be done While the original owner is still alive or only after they pass away ? Where is your office located ? I need a consultation. to see if this is best for my situation.

  • @shawnanderson4346
    @shawnanderson4346 Před 10 měsíci

    What's the difference between a ladybird trust and a living will what's better?

    • @MadOldMan-ck5wq
      @MadOldMan-ck5wq Před 7 měsíci

      Wow we are glad NICER is fixing this mess in April, sounds like it’s a convoluted DIY DPOA RLT Lady Bird Title Deed. We use forgery proof NICER Deeds from their Premium line of counterfeit free permission validation Trust administration documents.

  • @shelbydavis3311
    @shelbydavis3311 Před 2 lety

    Can I make the Lady Bird deed to a LLC or a land trust

  • @pdolan1980
    @pdolan1980 Před 2 lety

    I inherited a house in Texas through a ladybird deed. Prior deed had a warranty deed. The home is clear of all debts. Should I get owners title policy? Will title company insure a owners title policy with a lady bird deed inherited?

    • @MadOldMan-ck5wq
      @MadOldMan-ck5wq Před 7 měsíci

      Is your Lady Bird deed is a DIY RLT Lady Bird Deed?

    • @pdolan1980
      @pdolan1980 Před 7 měsíci

      @JudgeCommitee-ck5wq no it isn't. Just a lady bird enhanced life estate deed

  • @teflondon2.078
    @teflondon2.078 Před 2 lety

    You said you can't use it to disinherit a spouse or a minor child. That means son or daughter correct? It does not mean granddaughter grandson that is a minor correct?

    • @vernitawilliams839
      @vernitawilliams839  Před 2 lety

      I need more information in order to answer your question. Talk to a lawyer before doing a ladybird deed. It’s not for everyone and not allowed in some states. Call my office for further discussion. 305-967-6741.

  • @jamesroberts5180
    @jamesroberts5180 Před 2 lety

    I started a probate court case.
    I have a quit claim deed.
    Can I change my quit claim deed into a lady bird deed,, while going through my closing probate court case??

    • @jamesroberts5180
      @jamesroberts5180 Před 2 lety

      I just want to close my probate court case as soon as I can.. Will a lady bird deed help me with this???
      Is a lady bird deed expensive???

    • @vernitawilliams839
      @vernitawilliams839  Před 2 lety

      I don’t know what the deed has to do with the probate case. If you have a deed that was executed by the deceased person before they died why do you need probate. I would have to speak with you to evaluate what is going on. Please call my office at 305-967-6741 and schedule a telephone conference.

    • @jamesroberts5180
      @jamesroberts5180 Před 2 lety

      @@vernitawilliams839 ..
      Thank you.. You answered my questions..
      I don't need a lady bird deed..
      I have a quit claim deed.
      That's allll I need to close my probate court case...
      I applied for probate because I didn't know that the quit claim deed was enough, to close the probate court case..

    • @jamesroberts5180
      @jamesroberts5180 Před 2 lety

      I applied for probate to become the representative. That's why I probate.

  • @MadOldMan-ck5wq
    @MadOldMan-ck5wq Před 7 měsíci

    Since a DIY DPOA Lady Bird Deed stole our Lady Bird deed and kicked momma bird on the street, we want NICER forgery proof Legal Instruments please.