Quote:
Originally Posted by Pturner
Would someone kindly explain what a ladybird deed is.
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In our case, the house is jointly owned. If both of us die, then the house goes to our daughter without going thru probate because her name is on the deed, essentially as a "contingent" owner, but has no rights of ownership while either of us are alive.
At least that is how it was explained to us....
http://www.probate-estate-planner.com/lady-bird.html