Talk of The Villages Florida - View Single Post - Living Trusts
Thread: Living Trusts
View Single Post
 
Old 10-01-2020, 07:39 AM
jaj523 jaj523 is offline
Senior Member
Join Date: Apr 2018
Posts: 113
Thanks: 6
Thanked 72 Times in 36 Posts
Default Ladybird clause

Quote:
Originally Posted by manaboutown View Post
You could hold the deed in joint tenancy with right of survivorship (JTWROS). That way when one dies the other owns the property without any need to go through probate.
I was told by the closing agent on my house here in The Villages that the Florida equivalent of joint tenants with rights of survivorship is a "ladybird" clause. I executed that at closing, and the deed to my house goes directly to my two children upon my death with no fees or probate required.