Quote:
Originally Posted by caseycasebeer
I am not an attorney, but was interested in how to convey title to my residence in The Villages to my son (upon my death). If possible, I wanted to avoid the hassle and expense of Probate.
My online research showed me something called an “Enhanced Life Estate Deed” (aka: “Lady Bird Deed”). Florida is one of five states that offers such a deed. It can be done online, avoids Probate, gives the “Grantee” life tenancy, and all the benefits of ownership (including Homestead Exemption benefits). At $60, it sounded pretty good, but I would invite other’s opinions.
Once you complete the simple worksheet, it is emailed back to you. You then have the document notarized and signed by two witnesses, then take it to the Clerk of the Court’s office (at Morse & Hwy 466) to have it recorded ($27.70). Amazingly simple.
The site I used was:
Right of Survivorship Deed | DeedClaim |
EEK!
“Penny-Wise and Pound-Foolish”
If I were you, I would not trust such an important financial maneuver to an online site.
Spring for an attorney and make it one who specializes in real estate. (Also, as someone else in this thread mentioned, the sheer volume of info gathering that site is doing could mean who-knows-what kind of doors are opened.)
Too often people make snap decisions about the deed to their house because they think they are doing the “smart” thing.
(Another classic example of penny-wise and pound-foolish is when an owner puts the heirs’ names on the deed.)
Boomer