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 Nevada, Lady Bird deeds are not recognized as a legal instrument. This means that property owners in Nevada cannot use a Lady Bird deed to transfer property while retaining a life estate and the ability to control the property until death. Since Lady Bird deeds are not part of Nevada's estate planning tools, individuals looking to avoid probate and manage the transfer of their property upon death must consider alternative methods such as a will, a revocable living trust, or other types of deeds that are recognized by Nevada law. It's important for property owners in Nevada to consult with an attorney to explore the estate planning options that are available and legally valid within the state.