Florida Enhanced Life Estate Deed Form For Florida
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FAQ
The difference in a life estate deed versus the enhanced life estate deed (aka Lady Bird Deed) is that unlike a regular life estate deed, with an enhanced life estate deed you retain the ability to sell or mortgage your interests in the property during your lifetime.
The Enhanced Life Estate Deed, also commonly known as the Lady Bird Deed in Florida and other states, is a unique deed and estate planning tool that conveys real property ownership from one party (the Grantor) to another party or parties (the beneficiaries or remaindermen), upon the death of the grantor, without the ...
An enhanced life estate deed is a unique type of deed recognized in Florida and just four other states. It is sometimes referred to as a ?Lady Bird? deed and can be used to transfer ownership of real property to intended beneficiaries upon death without the need for probate.
The Florida enhanced life estate deed allows the estate holder to convey or mortgage the property without approval of the remainderman. This gives the property owner of the life estate flexibility during the owner's life.
In Florida, a property owner technically can prepare their own Lady Bird deed (also known as an Enhanced Life Estate Deed).