A Lady Bird deed is a deed that allows a real property owner to transfer ownership of the property to another person or entity while continuing to use and control the property.

In some states a Lady Bird deed may be used as an estate planning tool, allowing the owner to make a lifetime gift of the property; avoid federal gift taxes (because it is an incomplete gift and is not final); avoid probate; qualify for Medicaid benefits; and continue to live in their private home after transferring ownership (title) of it to another person or entity.

A Lady Bird deed may also be referred to as an enhanced life estate deed, as it effectively gives the owner a life estate interest in the property while transferring ownership (title) to another person or entity.

Laws vary from state to state, but a Lady Bird deed may also allow the owner to continue to have complete control of the property, without input from the grantee under the Lady Bird deed. This may include the owner’s right to change their mind and sell or transfer the property to another person or entity, or to make changes to the property.

In Oregon, the concept of a Lady Bird deed, also known as an enhanced life estate deed, is not recognized under state law. Oregon law does not provide for this type of deed that allows a property owner to retain control over their property until death and then automatically transfer it to a designated beneficiary. Instead, individuals in Oregon looking to avoid probate and manage estate planning may need to consider other tools such as a revocable living trust or a traditional life estate deed with retained powers, although these do not offer the same level of control as a Lady Bird deed. It's important for property owners in Oregon to consult with an attorney to explore the estate planning options that are available under state law and to create a plan that meets their specific needs.