Life Estate Texas at Life

Life Estate Texas. If you don’t have an account yet, register. We recently discussed transfer on death deeds in texas.

When executed, the grantor conveys a life estate in real property to himself, with the remainder conveyed to the beneficiary of his choice. In the recent opinion of knopf v gray, the texas supreme court instructs as to the essence of a life estate under texas law. What does 1/3 life estate mean in texas?

Minefaire brings 'Minecraft' to life in Houston

Today, we will turn our attention to enhanced life estate deeds, also known as “lady bird deeds.” unlike transfer on death deeds, lady bird deeds (“lbd”) are not a statutory creation, meaning there are no set statutory guidelines regarding these documents. Texas, like most other states, allows for less than the complete transfer of property. A lady bird deed, also called an enhanced life estate deed or reservation of a life estate with a general power of appointment, is a useful estate planning tool. Texas enhanced life estate deed information.