Enhanced Life Estate Deed (Lady Bird Deed) (FL) | Practical Law

Enhanced Life Estate Deed (Lady Bird Deed) (FL) | Practical Law

A basic form of an enhanced life estate deed, also known as a lady bird deed. An enhanced life estate deed grants a life estate to an individual (the life tenant), with the remainder interest passing to one or more remaindermen on the life tenant's death. An enhanced life estate deed reserves certain rights to the life tenant, including the right to sell and encumber the property without the joinder of the remaindermen. An enhanced life estate deed is an attractive way to transfer real property at death while also maintaining flexibility during the life tenant's lifetime. This Standard Document has integrated notes with important explanations and drafting tips.

Enhanced Life Estate Deed (Lady Bird Deed) (FL)

Practical Law Standard Document w-000-3006 (Approx. 17 pages)

Enhanced Life Estate Deed (Lady Bird Deed) (FL)

by Practical Law Trusts & Estates
MaintainedFlorida
A basic form of an enhanced life estate deed, also known as a lady bird deed. An enhanced life estate deed grants a life estate to an individual (the life tenant), with the remainder interest passing to one or more remaindermen on the life tenant's death. An enhanced life estate deed reserves certain rights to the life tenant, including the right to sell and encumber the property without the joinder of the remaindermen. An enhanced life estate deed is an attractive way to transfer real property at death while also maintaining flexibility during the life tenant's lifetime. This Standard Document has integrated notes with important explanations and drafting tips.