Lady bird Deeds

A Florida Enhanced Life Estate Deed, more commonly referred to as a Lady Bird Deed or Ladybird Deed, is a special type of life estate deed that is used to automatically transfer ownership of a home or real-property to others upon the death of the owner(s). Lady Bird deeds are popular, because they provide a way to transfer ownership without having to probate the home or property. This provides peace-of-mind and can help ease the burdens placed on loved ones during difficult times. Just as importantly, recording an enhanced life estate deed does not interfere with the owners’ control over their home or property during their lifetime. For example, the owner(s) retains the freedom to sell or mortgage the property without involving the remainder beneficiaries. This “retained control” means that your remainder beneficiaries have no decision-making authority over your property while you are still living. The owner(s) of the property are free to change their remainder beneficiaries and record a new lady bird deed.

Category: Legal-services > Legal-stationery Upgrade Options