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A Lady Bird Deed is said to be named after Lady Bird Johnson because President Johnson reportedly transferred property to his wife by utilizing such a deed. It is an unusual arrangement allowed in only a few states by which the property is transferred on death, avoiding probate. It is more properly called an "enhanced life estate" deed. The grantor reserves the right to sell and mortgage without the consent of the grantees.

You should seek the advice of an attorney who specializes in estate planning in your jurisdiction who can review your needs and explain your options in your particular jurisdiction.

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10y ago

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