MRP 215: Using a Lady Bird Deed to Streamline Inheritance
The Mineral Rights Podcast: Mineral Rights | Royalties | Oil and Gas | Matt Sands
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Show Notes
Did you know that there is a special type of deed that can be used to: avoid probate, maintain control of the property during your lifetime, not affect Medicaid eligibility, potentially avoid federal gift taxes, maintain your homestead protection, all while still allowing your beneficiaries to still claim a step-up in cost basis for capital gains taxes purposes? Sound too good to be true? Be sure to listen to this episode to find out more and to learn about potential limitations of this special Enhanced Life Estate Deed and whether it might be right for you.
As always, links to the resources mentioned in this episode can be found in the show notes at mineralrightspodcast.com.