At your death, the property automatically vests to the named beneficiaries (remaindermen) .
Unlike a traditional life estate deed, where you might lose the right to sell or mortgage your home without the beneficiary's consent, the is "enhanced" because the owner (grantor) keeps the power to revoke the deed, sell the property, or change beneficiaries at any time without needing permission from the person inheriting it (the remainder beneficiary ). Lady Bird Deed (Enhanced) Traditional Life Estate Deed Control Owner retains full control Joint control with beneficiary Revocable? Yes, at any time Generally no, requires consent Probate Avoids probate for the home Avoids probate for the home Medicaid Exempt asset; no look-back May trigger transfer penalties Essential Components of a Valid Florida Form
If you're looking to create a Lady Bird Deed in Florida, you can find a free printable Lady Bird Deed Florida form online. However, it's essential to ensure that the form complies with Florida state laws and regulations. free printable lady bird deed florida form
BENEFICIARY: [Name]
The solves this problem. Under Florida law (rooted in case law like Streeter v. Streeter ), the deed reserves the following rights to the original owner (the grantor): At your death, the property automatically vests to
: The deed must be signed by the grantor in the presence of two witnesses and a notary public .
Bring a valid government ID to a notary. Do not notarize without witnesses present. Yes, at any time Generally no, requires consent
“The Grantor reserves the unrestricted right during the Grantor’s lifetime to sell, convey, mortgage, lease, or otherwise encumber and dispose of the property, to retain all proceeds therefrom, and to revoke this deed, all without joinder or consent of the remaindermen.”
A must include:
Before we dive into the "free printable" template, consider why this deed dominates Florida estate planning: