Talk of The Villages Florida - View Single Post - Trust or 'Ladybird Deed'?
Thread: Trust or 'Ladybird Deed'?
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Old 03-13-2013, 12:04 AM
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Originally Posted by Dcljake View Post
I was not familiar with a Ladybird Trust and live in a state that does not recognize them so I looked it. Very interesting. My Mother had a trust and when she passed away all assets went to the next named trustee. The Ladybird Trust seems to take care of your house, but what about other accounts and investments? I guess you an put everything in joint account with your named heir, but you are giving them access to everything while you are alive.
Why not just name your heirs as beneficiaries or POD (Payable on Death) on your other accounts and investments?
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