Can I grant a deed to multiple people?
Can I grant this deed to multiple grantees?
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Yes, you can create a Lady Bird deed (also called an enhanced life estate deed) with multiple remainder beneficiaries and specify unequal percentage interests such as 60%, 20%, and 20%.
Here’s how it works:
- Life Estate Retained: With a Lady Bird deed, you (the grantor) keep control of the property during your lifetime, including the right to sell, mortgage, or change beneficiaries.
- Remainder Beneficiaries: Upon your passing, the property transfers automatically to the grantees named in the deed, and you can set the percentages for their ownership.
- Unequal Shares: It is legally permissible to divide ownership in percentages instead of equal shares. The deed language must clearly state the interests—for example:
“to A as to an undivided 60% interest, to B as to an undivided 20% interest, and to C as to an undivided 20% interest.”
One thing to keep in mind is that if you are using an online e-file document creator, not all of them allow for customization with unequal percentages. Some only default to equal shares or joint tenancy with right of survivorship. You’ll want to check if the system you’re using allows you to input specific percentages.
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Can I grant this deed to multiple grantees?
Lexi, Chatbot
I understand you're looking to grant a deed to multiple grantees. Are you looking to grant equal shares to each grantee?
No, 60%, 20%, 20%
Lexi, Chatbot
Are there any specific conditions or restrictions you would like to include in the deed for the multiple grantees?
No, just the percentages I specified earlier.
Lexi, Chatbot
Is there anything else the Real Estate Lawyer should know before I connect you? Rest assured they’ll be able to help with multiple grantees and the specified percentages in the deed.
No
I want to create a ladybird deed. I’d like the percentages to be 60%, 20%, 20% to be consistent with my last will and testament. Is it possible to do this?
Richard
Hello! I'm Richard, a Real Estate Law expert here to help you with your deed questions. It sounds like you have a clear plan for your grantees, and I'm glad to assist you!
Richard
Have you already discussed the ladybird deed with your estate planning attorney, or is this your first inquiry about it?
I have not discussed this with an attorney. I’m trying to complete this online with efile document creator.
Richard
Yes, you can create a Lady Bird deed (also called an enhanced life estate deed) with multiple remainder beneficiaries and specify unequal percentage interests such as 60%, 20%, and 20%.
Here’s how it works:
- Life Estate Retained: With a Lady Bird deed, you (the grantor) keep control of the property during your lifetime, including the right to sell, mortgage, or change beneficiaries.
- Remainder Beneficiaries: Upon your passing, the property transfers automatically to the grantees named in the deed, and you can set the percentages for their ownership.
- Unequal Shares: It is legally permissible to divide ownership in percentages instead of equal shares. The deed language must clearly state the interests—for example:
“to A as to an undivided 60% interest, to B as to an undivided 20% interest, and to C as to an undivided 20% interest.”
One thing to keep in mind is that if you are using an online e-file document creator, not all of them allow for customization with unequal percentages. Some only default to equal shares or joint tenancy with right of survivorship. You’ll want to check if the system you’re using allows you to input specific percentages.
Thank you! Very helpful!
Richard
I hope I was able to help resolve your issue! If you have any other questions, feel free to ask.
You’ve been very helpful, Richard. Unfortunately I can’t find an online service that let me break percentages down.
Richard
Unfortunately we cannot provide links to third party website.
Richard
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