Talk of The Villages Florida - View Single Post - “Lady Bird Deed”
Thread: “Lady Bird Deed”
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Old 06-17-2022, 07:34 AM
retiredguy123 retiredguy123 is offline
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Originally Posted by bowlingal View Post
Here in Florida you need a trust. A will does not cut it here and will not avoid probate. See an attorney for peace of mind. Do not cut corners on this very important matter.
I don't agree that everyone needs a trust. If you have a complicated estate with multiple heirs, then you may need a trust. But, if you only have one heir and a simple estate, then I don't think a trust will help you very much. The best way to avoid probate and problems after you die is to designate beneficiaries for your assets using "transfer on death (TOD)" provisions which work for most financial assets. Since Florida does not allow a TOD deed for real estate, a lady bird deed may be appropriate. That way, everything you own can transfer to your beneficiary automatically upon death. But, I do think everyone should have a will. Just my opinion.