Florida law indicates the successor trustee has a duty to pay known or. Use a ” enhanced life estate deed” (Ladybird Deed) on property to Avoid Probate.
The Attorney Title Fund, Florida's largest title insurer, calls it an "enhanced life estate deed." But its more common nickname is the "Lady Bird".
Deeds may convey varying interests in property and different types of deeds may be used for different purposes. Two types of these deeds are the quitclaim deed and the "lady bird" deed, often referred to as an enhanced life estate deed.
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The Florida Enhanced Life Estate Deed AKA: Ladybird Deed is a variation of the Quitclaim D eed with certain "enhanced" features. These features include: These features include: A llowing you, the property owner, to sell or otherwise dispose of the property without having.
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A Lady Bird Deed is an enhanced life estate deed. Basically, it is a conveyance of real property with a reservation of a life estate by the grantor, including the power. lady bird deeds. Many other states have enacted transfer-on-death deed statutes, but none have yet passed in Michigan.
The Florida Lady Bird Deed. By: Jonathan Innes, Esq., Barry L. Miller, P.A. Offices orlando. estate planners looking for a probate avoidance strategy that ensures retained control of real estate assets throughout life and automatic transfer upon death should consider an Enhanced Life Estate Deed, colloquially known as a Lady Bird Deed.
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