Estate planning is one of the most important steps you can take to protect your family, your property, and your legacy. For Florida residents, one estate planning tool growing in popularity is the Lady Bird Deed, also known as an Enhanced Life Estate Deed. If you’re looking to avoid probate and maintain control of your property during your lifetime, understanding how a lady bird deed Florida works is essential.

At Lumsdenlawfirm, we help individuals and families create sound estate plans that provide peace of mind. In this blog, we’ll explore how to navigate estate planning with a Lady Bird Deed in the state of Florida, and how it compares to a traditional last will and testament.

What Is a Lady Bird Deed?

A Lady Bird Deed allows a property owner to retain full control of their real estate while alive, and automatically transfer it to a designated beneficiary upon their death—without going through probate. It’s a unique option available in only a few states, and Florida is one of them.

Key Benefits of a Lady Bird Deed in Florida

• Avoids Probate: Property passes directly to the beneficiary, bypassing the court system.
• Retains Control: The owner can still sell, mortgage, or change beneficiaries during their lifetime.
• Protects Medicaid Eligibility: Properly structured, it may not affect eligibility for Medicaid benefits.
• Simplifies Estate Planning: It offers a clear, cost-effective alternative or supplement to a last will and testament.

Lady Bird Deed vs. Last Will and Testament

While a last will and testament allows you to specify how your assets should be distributed after death, it typically involves probate. A lady bird deed Florida can work alongside your will to simplify the transfer of real estate. It’s important to note that the lady bird deed state of Florida only covers real property, so you may still need a will for other assets like personal belongings, financial accounts, or business interests.

How Lumsdenlawfirm Can Help

At Lumsdenlawfirm, we specialize in Florida estate law and can help you determine whether a lady bird deed in the state of Florida is right for your situation. We’ll ensure that your deed is properly drafted, complies with state law, and aligns with the rest of your estate planning goals.

Final Thoughts

Estate planning doesn’t have to be complicated. Tools like the lady bird deed Florida offer a flexible and efficient way to protect your assets and your loved ones. Whether you’re drafting a last will and testament or considering enhanced life estate deeds, our team at Lumsdenlawfirm is here to guide you every step of the way.

Ready to secure your estate with confidence?
Contact Lumsdenlaw today to explore your options with a Lady Bird Deed in the state of Florida.