Fl Enhanced Lady Formula

• Category: Real Estate - Deeds - Enhanced Life Estate or Lady Bird
• State: Florida
• Control #: FL-03-83
• Format: Word; Rich Text

Description

The FL Enhanced Life Estate Warranty Deed, commonly known as the Lady Bird Deed, is a legal document designed for property owners in Florida who wish to transfer property while retaining certain rights for themselves. This form allows grantors to maintain a life estate in the property, granting them the authority to manage, sell, or lease it without liability for waste. Upon the death of the last grantor, the property automatically transfers to the named remainderman without going through probate. Key features of the form include sections for grantor and grantee information, a legal description of the property, and witness and notary acknowledgment. Filling out the form is straightforward, as it includes editable fields for easy completion on a computer or can be handwritten if preferred. Attorneys, partners, and legal assistants will find this form useful for estate planning purposes, particularly in cases where property owners want to ensure smooth transfer of assets while retaining control during their lifetime. This document is especially relevant to couples or partners looking to secure property for future generations while simplifying the inheritance process. It is advisable to consult with a legal professional to ensure the form is used appropriately and complies with state laws.