Quote:
Originally Posted by Hal :-)
I'm not ready to turn over my property with a quit claim. And a Google search says that Florida does not allow real estate to be transferred with a transfer-on-death deed, which is what I meant by beneficiary deed. But hopefully someday. Some states have made it available and I assume it'll spread. |
Hal ... The 'Florida Enhanced Life Estate Deed' is available and leaves full control of the residence to the occupant until one passes .. ergo, the home could be sold, gifted etc. It also insulates one from possible outside claims against the named beneficiaries ..... these are very liberal clauses and fairly unique to Florida. It also protects the homestead from the probate process. However, Florida must be your 'homestead, ' so if you have a declared homestead in another state you would not be qualified. For most of us full time residents, a 'Florida Enhanced Life Estate Deed' is a valuable document to consider; it provides for the future but surrenders nothing. M