Quote:
Originally Posted by manaboutown
"A lady bird deed (also called a ladybird deed or an enhanced life estate deed) is a special form of life estate deed that gives the owner continued control over the property until his or her death. Once the owner dies, the property is transferred automatically to new owners without the need for probate."
Lady Bird Deed | What is a Ladybird Deed? |
I think the term enhanced life estate deed is what is used in Fl for the Lady Bird. Thank you.
As pointed out in the reference the ownership of the property is split between the original owner for life and the beneficiary is
entitled to the property after the owner dies. Thus if the owner wants to sell the property the owner needs to get the beneficiary's rights back.