Florida enhanced life estate deeds – lady bird deeds. The Florida Enhanced Life Estate Deed is an invaluable alternative that provides the benefits of the traditional Life Estate Deed and, furthermore, allows an individual to retain control of his/her homestead during his/her lifetime.
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Also known as a Lady Bird Deed, the Enhanced Life Estate Deed is a special type of deed recognized only in Florida and two other states (Michigan and Texas). As the name suggests, it is an improvement over the common Life Estate Deed in one key way: the life tenant maintains complete control over the subject property for their lifetime.
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A "Lady Bird Deed" (or more accurately called an "Enhanced Life-Estate Deed") is a type of deed which provides the grantor–i.e. the real estate property owner–with certain rights during life, with the remaining interest going to a named grantee at the grantor’s death.
However, as it relates to a "Lady Bird deed," or, more formally, the "enhanced life estate deed," you are avoiding the probate of real estate. This allows you to retain the life estate for.
A "Lady Bird deed" (also known as an enhanced life estate deed) is a way to transfer property to someone else outside of probate while retaining a life estate in the property. But unlike a regular life estate, a Lady Bird deed gives you the power to retain control of the property during your life, including the right to use the property for profit or to sell the property.
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Get more information about the Lady Bird Deed A Lady Bird Deed, also known as an Enhanced Life Estate Deed, is a legal document in which the grantor.
Ladybird Deeds are sometimes referred to as Enhanced Life Estate Deeds. A Ladybird Deed conveys a remainder interest which can be revoked during the property owner’s lifetime. This allows the owner to sell, convey, mortgage and otherwise dispose of the property without sharing the proceeds.
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