Florida Lady Bird Deed – Enhanced Life Estate Deed

What is the Florida Enhanced Life Estate deed quit claim ladybird deed? This enhanced life estate deed is a document that transfers ownership of real property, while reserving full access to the property for the duration of the grantor’s life.

Florida is one of several states that recognizes the Enhanced Life Estate Deed (a/k/a Ladybird Deed) as a means of transferring property to your heirs when you pass away. In simple terms, the Enhanced Life Estate Deed changes the way the property is owned from the usual form of ownership (like the General Warranty Deed or Quitclaim Deed) where the house or property is disposed of by the courts.

In conclusion, the Enhanced Life Estate Deed is an incredible tool for avoiding probate with minimal downside when compared to the alternatives. For additional information or to schedule an appointment, call Boynton Beach, Florida Elder Law & Estate Planning Attorney Martin H. Cohen at 561-880-8223.

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Very quickly, a lady bird deed (also known as an enhanced life estate deed) can be used as an effective estate planning tool to allow a homeowner to live in their home for the rest of their lives and, if no changes are made to the deed, pass ownership onto whoever is designated in the recorded lady bird deed after the life estate holder passes away.

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In Florida, a Ladybird deed is also known as an enhanced life estate deed. This type of deed permits a person or family that owns real estate, most often a home, to transfer a future interest in the property while keeping a present interest. This type of transfer permits the person to live on the property until he or she dies.

A "Lady Bird Deed" (or more accurately called an "Enhanced Life-Estate Deed") is a type of deed which provides the grantor–i.e. the real estate property owner–with certain rights during life, with the remaining interest going to a named grantee at the grantor’s death.

A Lady Bird Deed, also known as an enhanced life estate deed, is a type of deed. Also, upon your death, Florida may file a claim for Medicaid.