When creating a Florida lady bird deed, the homeowner (known as the “grantor”) must specify the following:
- The name of the recipient (known as the “grantee”)
- The address of the property
- A description of the property
- The date on which the transfer will take place
The grantor must then sign the deed in front of a notary public. Once this is done, the deed is considered valid and the grantee will have the right to live in the property. However, it is important to note that the grantor will still retain ownership of the property and can change the terms of the deed at any time.
If the grantor dies, the grantee will have the right to live in the property for as long as they wish. However, they will not inherit the property outright – it will still be owned by the grantor’s estate. This can help avoid probate, as the property will not need to go through the probate process in order to be transferred to the grantee.
It is important to note that a Florida enhanced life estate deed must be created before the grantor dies in order to be valid. If the deed is created after the grantor’s death, it will not be valid and the property will have to go through probate in order to be transferred to the grantee.
If you are considering creating a Florida enhanced life estate deed, it is important to speak with an experienced estate planning attorney. They can help you understand the pros and cons of this type of deed and ensure that it is created properly.
How to Fill Out a Lady Bird Deed in Florida?
In order to properly fill out a lady bird deed in the state of Florida, you have to respond to the following questions:
Step 1 – Who prepares the form?
The grantor (homeowner) must prepare the form.
Step 2 – Where to get a blank form?
You can find a blank Florida enhanced life estate deed form online. Once you have downloaded the form, you will need to fill it out and sign it in front of a notary public.
Step 3 – How to fill out the form?
When filling out the form, you will need to include the following information:
- The name of the grantor (homeowner)
- The name of the grantee (person receiving the property)
- The address of the property
- A description of the property
- The date on which the transfer will take place
Step 4 – How to sign the form?
The grantor must sign the form in front of a notary public. Once this is done, the form is considered valid and the grantee will have the right to live in the property.
It is important to note that the grantor can revoke the deed at any time by simply recording a new deed. This new deed will supersede the old one and will be the only one that is considered valid.
If you have any questions about how to fill out or sign a Florida enhanced life estate deed, it is important to speak with an experienced estate planning attorney.
Should I Record a Lady Bird Deed in Florida?
Yes, you should always record a Florida enhanced life estate deed. It is important to have the deed on file so that it is public record and can be easily found by anyone who needs to see it. This will help avoid any confusion or disputes later on.
Recording a deed is simple and can be done at your local county recorder’s office. You will need to bring a copy of the deed, as well as the filing fee. Once the deed is recorded, you will be given a certified copy that you can keep for your records.
It is important to note that a Florida enhanced life estate deed can be revoked at any time by the grantor. If the grantor decides that they want to change the terms of the deed or cancel it altogether, they can do so by simply recording a new deed. This new deed will supersede the old one and will be the only one that is considered valid.