Lady Bird Deeds: A Florida-Specific Tool for Estate Planning
When it comes to estate planning in Florida, few tools are as efficient and uniquely beneficial as the Lady Bird Deed. More formally known as an Enhanced Life Estate Deed, this strategy allows you to pass real estate to your heirs without the delays and costs of probate.
What is a Lady Bird Deed?
A Lady Bird Deed lets you transfer your home or property to a named beneficiary or beneficairies while retaining full control of it during your lifetime. You can sell it, mortgage it, or even change your mind about the beneficiary—all without needing their permission.
Upon your death, the property automatically transfers to thenamed beneficiary(ies), bypassing probate entirely.
Why Floridians Love It
Florida is one of the few states that recognizes Lady Bird Deeds. Here’s why it’s a popular choice:
- Avoids probate for the designated property
- Maintains control during your lifetime
- Preserves Medicaid eligibility by keeping the home as a non-countable asset
- Provides a simple, low-cost transfer of property to your loved ones
Who Should Consider a Lady Bird Deed?
This option is ideal for:
- Homeowners who want to simplify the transfer of property
- Seniors planning for long-term care and Medicaid eligibility
- Anyone wishing to not prolong probate and maintain flexibility for their loved ones
Plan with Confidence
A Lady Bird Deed isn’t right for everyone, and it must be drafted correctly to offer the full range of protections. That’s why it’s important to work with a qualified Florida estate planning attorney.
At the Law Offices of Mark F. Moss, we help families use tools like Lady Bird Deeds to plan smarter and protect what matters most.
Call us at 904-329-7242 or visit markmosslaw.com to find out whether a Lady Bird Deed is the right move for your estate plan.