Can I retain the right to sell or mortgage my property after executing a Lady Bird Deed?

With a regular life estate deed, you, as the property owner, maintain the right to occupy your property until your passing. Once you pass away, the property directly transitions to the beneficiary named in the deed. This method offers a simplified approach to bequeathing a home, yet it comes with a limitation: the property cannot be sold or mortgaged without the beneficiary’s approval.

A lady bird deed, on the other hand, is recognized as an enhanced life estate deed within Texas. This type of deed retains all the advantages of a conventional life estate deed while additionally allowing you to:

• Reside in, utilize, possess, and even generate income from the property.
• Mortgage or sell the property and retain the earnings.
• Revoke or modify the lady bird deed as needed.

For further inquiries or legal assistance regarding life estate deeds in Texas, please reach out to the Law Office of Dana Baker at 979-310-5507.