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An enhanced life estate deed, often referred to as a “Lady Bird” deed, is a legal document utilized in some areas to streamline the transfer of property ownership. This deed simplifies the ...
The first step in creating a ladybird deed is making sure you're able to do so under your state's laws. Again, the states that allow enhanced life estate deeds are Florida, Texas, Michigan ...
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The ownership of a life estate is of limited duration because it ends at the death of a person. Its owner is the life tenant (typically also the 'measuring life') and it carries with it right to enjoy certain benefits of ownership of the property, chiefly income derived from rent or other uses of the property and the right of occupation, during his or her possession.
The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
When contaminated properties and former industrial sites are remediated under the supervision of a governmental agency, there are occasionally issues requiring a long-term Land Use Control (LUC) or Activity Use Limitation (AUL) which regulatory officials seek to have recorded on the property title or deed prior to clearing it for reuse. These ...
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A 74-year-old man shot an 84-year-old woman on September 20, 2022. She was campaigning against Michigan's Proposition 3 which sought to make abortion a constitutional right in the state of Michigan. [51] She survived and she received medical treatment for her wound after driving to a nearby police department. [52]