36 min listen
MRP 215: Using a Lady Bird Deed to Streamline Inheritance
FromThe Mineral Rights Podcast: Mineral Rights | Royalties | Oil and Gas | Matt Sands
MRP 215: Using a Lady Bird Deed to Streamline Inheritance
FromThe Mineral Rights Podcast: Mineral Rights | Royalties | Oil and Gas | Matt Sands
ratings:
Length:
19 minutes
Released:
Sep 14, 2023
Format:
Podcast episode
Description
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.
Released:
Sep 14, 2023
Format:
Podcast episode
Titles in the series (100)
MRP 5: What to Know About Selling Minerals: In this episode, we talk about what you need to know about selling mineral rights and the typical process that's involved. Be sure to listen to the end because we cover 5 red flags to look for when selling your minerals or royalties. by The Mineral Rights Podcast: Mineral Rights | Royalties | Oil and Gas | Matt Sands