Exploring the Benefits of a Lady Bird Deed in Florida Real Estate
When it comes to estate planning in Florida, the Lady Bird Deed stands out as a unique tool. This type of deed offers homeowners a way to transfer property while retaining control during their lifetime. But what exactly makes the Lady Bird Deed beneficial? Let’s break it down.
What is a Lady Bird Deed?A Lady Bird Deed, also known as an enhanced life estate deed, allows the property owner to transfer real estate to beneficiaries while still retaining the right to live on and control the property. Unlike traditional life estate deeds, a Lady Bird Deed permits the owner to sell or mortgage the property without the consent of the beneficiaries.