North Carolina Lady Bird Deed Template
This document serves as a template for a Lady Bird Deed, a unique instrument under real estate law that allows property owners in North Carolina to retain a life estate in their property while designating a remainder beneficiary to automatically receive the property upon their death, without the need for probate. By using this deed, the grantor maintains control over the property during their lifetime, including the right to sell or mortgage the property.
Property Information
Legal Description of the Property: __________________________
Property Address: __________________________
Parcel Number: __________________________
Grantor Information
Name of Grantor: __________________________
Grantor's Mailing Address: __________________________
Beneficiary Information
Name of Remainder Beneficiary: __________________________
Relationship to Grantor: __________________________
Beneficiary's Mailing Address: __________________________
Terms and Conditions
It is hereby declared that the Grantor conveys unto the Remainder Beneficiary the above-described property, subject to a life estate reserved by the Grantor. The Grantor reserves the full right and authority to use, enjoy, sell, or mortgage the property during the Grantor's lifetime without the consent of the Remainder Beneficiary. Upon the death of the Grantor, the property shall automatically transfer to the Remainder Beneficiary without the necessity of probate proceedings.
Execution
The Grantor must sign and date this deed in front of a notary public and file it with the county recorder's office where the property is located to make it effective.
Signature of Grantor: __________________________ Date: ________________
This document was acknowledged before me on this date: __________________________
Name of Notary: __________________________
My commission expires on: __________________________
Disclaimer
This template is provided as a general guide and does not constitute legal advice. Laws can change, and each situation is different. It is strongly recommended to seek advice from a legal professional before executing this deed.