This form is an Enhanced Life Estate Deed where the Grantors are two individuals or husband and wife and the Grantee is an individual. Grantors convey the property to Grantee subject to a retained enhanced life estate. Further, the Grantors retain for life the right to sell, encumber, mortgage or otherwise impair the interest Grantee might receive in the future with the exception of the right to transfer the property by will. This deed complies with all state statutory laws.
Florida Lady Bird Form With No Will
State:
Florida
Control #:
FL-03-83
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Florida Enhanced Life Estate Or Lady Bird Deed - Two Individual / Husband And Wife To Individual?
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FAQ
Disadvantages of Lady Bird Deeds Therefore, a Lady Bird deed cannot be used to create a remainder interest in third parties without the consent and involvement of the life interest holder's spouse and children. (2) Title insurers are often skeptical to insure Lady Bird deeds in certain situations.
It's generally not advisable to do this without legal expertise. The preparation of a Lady Bird deed requires a precise understanding of Florida property law and estate planning law.
A ladybird deed must have the following: 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).
Please note that you will be responsible for signing and recording the deed independently. For a flat fee of $285, your committed document technician will draft your Lady Bird Deed, enabling you to smoothly sign and notarize it from the comfort of your home using our highly rated online notaries.
(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.