How to avoid probate on your home using a Lady Bird Deed a/k/a beneficiary deed.
How to avoid probate on your home.
Attorney Chris Merrill: Tom, there's a text in saying, "How do I avoid probate on my home?"
Attorney Tom Olsen: Well, Chrissy, we have a great tool for avoiding probate on your home, it's called a Lady Bird Deed. It's a deed that we would prepare, it would state that as long as you are alive or the client is alive, it is their piece of property to do it as they please but when they pass away, the home will automatically go to the children, no headaches, no hassles, no probate.
Within the body of that deed, we literally give the names of the children who get this piece of property when they pass away. When mom and dad pass away, the only thing we need to do is record their death certificates in the public records and that property will automatically belong to the kids, no headaches, no hassles, no probate. We've got a free booklet on Lady Bird Deeds.
Attorney Chris Merrill: We do. That booklet is available to you, we can mail it out to you. If you go to our website at olsenlawgroup.com. That is O-L-S-E-N lawgroup.com. Right there on our homepage, is a picture of this booklet. You can put your first name, last name, your mailing address and we will get that right out to you. It's a great starting point, very informative to let you know about how we can help you to avoid probate on your home and make it simple and easy for your children and other loved ones when you pass away.