Enhanced Life Estate Deeds

Enhanced Life Estate Deeds

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An Enhanced Life Estate Deed is also known as a “ladybird deed.”  Some people characterize this deed as if you are attaching a beneficiary designation to a piece of real estate for specified persons.  It is similar in nature to a typical life estate deed, but allows for increased flexibility because the remainder beneficiaries do not control any portion of your property until your death.  Upon your demise, the deed allows the property’s ownership to transfer to your remainder beneficiaries without a Florida probate process.  The use of this deed does not affect your constitutional homestead protection from creditors or property tax exemptions either during your lifetime or at your demise.