Florida Ladybird Deed (Enhanced Life Estate Deed)

Florida Ladybird Deed forms  or Florida Enhanced Life Estate deed forms are a special type of deed that allows the owner of a property to maintain control over the property during their life and have the property automatically pass to another upon their death.  They are often used by Florida Estate Planning Lawyers and Florida Elder Law Attorneys to protect assets from the claims of creditors as well as avoid probate..

A Florida LadyBird 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.

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 Ladybird 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 LADYBIRD DEED LAWYER ONLINE OR CALL US AT(904) 685-1200.