Enhanced Life Estate Deeds in Florida (also known as “Lady Bird Deeds”)

Summary: A Lady Bird Deed, also known as an “Enhanced Life Estate Deed” is an estate planning tool that avoids the necessity of probate in many cases. It is similar to a “Transfer on Death” Deed or Affidavit in other states.

An Enhanced Life Estate Deed, also called a Lady Bird Deed, is a special type of property deed used in Florida. It lets you stay in control of your home during your lifetime, while deciding who will automatically inherit it after you pass away.

• You stay in charge. You can live in the home, sell it, refinance it, or even change who gets it later—without anyone else’s permission.
• It avoids probate. When you pass away, the home goes straight to the person you named on the deed. It does not have to go through the court process called probate.
• It is flexible. Unlike some other deeds, you don’t lose control while you’re alive.

Why people use it:

• To make sure their home goes to loved ones smoothly.
• To avoid the cost and delay of probate.
• To keep control of their property while alive.

Possible downsides:

• It doesn’t avoid debts or mortgages on the home.
• If not done correctly, it can cause confusion or legal issues.

Bottom line:
An Enhanced Life Estate Deed is a simple way for Florida homeowners to plan who gets their house after death. It avoids the need for probate while keeping full rights to the property during your life.