Talk of The Villages Florida - View Single Post - Living Trusts
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Old 10-02-2020, 07:32 AM
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Quote:
Originally Posted by retiredguy123 View Post
Not exactly. I consulted with McLin Burnsed about converting my deed to a lady bird deed. In Florida, with a lady bird deed, you have total control over the property during your lifetime, including the ability to sell the property anytime you want. However, there are a few title companies who will want you to get a signature from the lady bird beneficiary when you sell the property, even though it is not required by state law. But most title companies do not require the beneficiary approval. It is just a matter of hiring a title company that doesn't require the signature, if that is an issue. So, I am considering getting a lady bird deed to totalling eliminate probate for my estate. The cost to prepare a lady bird deed is about $200.
I agree the problem may not be the law but the title company's procedures. That is why you need an attorney that knows this area of the law for the state you are in.