Florida Enhanced Life Estate Deed (LadyBird Deed)

Florida Enhanced Life Estate deeds or Florida LadyBird Deeds are a specialty of the Apple Law Firm. Our Estate Planning Lawyers are located in Jacksonville and provide individuals and businesses located in Duval, St. Johns, and the rest of Florida with Enhanced Life Estate Deed advise. We often work with individuals who are moving to Florida or have assets in Florida with Enhanced Life Estate Deeds that complement or increase the efficiency of their Estate Planning or Elder Law needs.

A Florida Enhanced Life Estate Deed can help avoid probate, speed up the transfer of a property upon death, maintain the ability to use the fair market value of the property at the time of death as a cost basis (lowers income taxes upon sale), and maintian Medicaid eligibility.

Some Enhanced Life Estate Deeds still require probate as the do not meet the requirement of the major title insurance companies.  Its important to use an Enhanced Life Estate Deed that has been reviewed.  In addition, it is very important to design the deed so that the property cannot end up back in the decedent's estate.  We have seen some Enhanced Life Estate Deeds that would subject the property to the claims of creditors and Medicaid by returning the property to the decedent's estate and subjecting the property to probate.

Almost everyone who owns property in Florida could benefit from an Enhanced Life Estate Deed and the best time to use one is when the property is purchased to avoid additional costs.

The Enhanced Life Estate Deed works by giving the main owners the right to live in the property and do anything they want with it during their lives.  Upon the death of the life tenants, if there is any property left then it automatically passes to the people they designate in the manner written on the deed.

TO SET UP A FREE CONSULTATION, CONTACT A FLORIDA ENHANCED LIFE ESTATE DEED LAWYER ONLINE OR CALL US AT(904) 685-1200.