Fl Estate Deed Individual For Mac

State:
Florida
Control #:
FL-032-78
Format:
Word; 
Rich Text
Instant download

Description

The Florida Enhanced Life Estate Deed, commonly known as a "Lady Bird Deed," is an essential legal document used in Florida for transferring property from an individual to two individuals or a husband and wife. It allows the grantor to retain control of the property during their lifetime while designating future beneficiaries without going through probate. Key features include options for holding the property as Tenants in Common, Joint Tenants with Right of Survivorship, or Tenants by the Entirety, providing flexibility based on the relationship between the parties involved. This document contains form fields that can be completed electronically or in print, and instructions on visibility and editing functionalities using Microsoft Word or Adobe Acrobat. The Enhanced Life Estate Deed addresses critical elements such as reservations of rights and warranty clauses that protect the interests of all parties. Its utility is particularly significant for attorneys, partners, owners, associates, paralegals, and legal assistants who require a systematic approach to facilitate real estate transactions and ensure compliance with Florida law. It serves as a vital tool for estate planning, allowing seamless property transfer while minimizing tax implications and legal complexities.
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  • Preview Enhanced Life Estate or Lady Bird Deed - Individual to Two Individuals / Husband and Wife
  • Preview Enhanced Life Estate or Lady Bird Deed - Individual to Two Individuals / Husband and Wife
  • Preview Enhanced Life Estate or Lady Bird Deed - Individual to Two Individuals / Husband and Wife
  • Preview Enhanced Life Estate or Lady Bird Deed - Individual to Two Individuals / Husband and Wife
  • Preview Enhanced Life Estate or Lady Bird Deed - Individual to Two Individuals / Husband and Wife
  • Preview Enhanced Life Estate or Lady Bird Deed - Individual to Two Individuals / Husband and Wife
  • Preview Enhanced Life Estate or Lady Bird Deed - Individual to Two Individuals / Husband and Wife

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FAQ

(1) Lady Bird deeds are perfect for avoiding probate upon the death of the life estate holder in Florida since the property automatically passes to the named remainder beneficiaries outside the probate court.

When you transfer title and ownership of real estate in Florida, you sign a deed conveying or transferring the property to the new owner. In most real estate closings, the seller is responsible for providing the deed that is signed at closing.

How to Create a Florida Lady Bird Deed A correct legal description of the property. A statement of the consideration is provided if there is any. The name of the grantor. The name(s) of the beneficiary(ies) (if multiple owners are on title, a specification as to how the co-owners will hold title is required).

Although you can make a quitclaim deed yourself, we suggest hiring a real estate lawyer to ensure your deed is done right and meets the legal and filing requirements for Flordia and the local country recorders office where the property is located.

In Florida, a property owner technically can prepare their own Lady Bird deed (also known as an Enhanced Life Estate Deed).

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Fl Estate Deed Individual For Mac