Secure Your Future With A Crestview Estate Planning Attorney
Unbeknown to many, Lady Bird deeds, or “enhanced life estate deeds,” can play a critical role in an estate plan. They empower property owners to manage and transfer property more efficiently. Essentially, they help to streamline the transfer of property while protecting assets.
I am Ryan M. Mynard, your trusted estate planning attorney in Florida. For over 20 years, I have made it my mission to help those in the Crestview region protect their assets and loved ones. You can rely on me to provide estate planning services that align with state law and meet your family’s needs.
Lady Bird Deeds In Florida
Lady Bird deeds are recognized and widely used for their unique benefits in Florida. The laws and regulations surrounding them require that these deeds explicitly reserve the owner’s right to sell, mortgage or otherwise manage the property during their lifetime.
There are no additional restrictions or requirements beyond those generally applicable to deeds in Florida, making it a flexible and advantageous option for estate planning.
Advantages Of Using A Lady Bird Deed
Utilizing this enhanced life estate deed in your planning can offer several benefits. As mentioned, a primary advantage of Lady Bird deeds is avoiding probate, which can be lengthy and costly in Florida. Additional benefits may include:
● Preserves Medicaid eligibility: Property in the deed is not considered part of the estate
● Property owner control: May sell, mortgage or transfer without beneficiary consent
● Creditor protection: Shielded from beneficiary creditors until it officially transferred
Since Lady Bird deeds transfer property outside of probate, they offer a smoother, more seamless transition of assets to your beneficiaries.
How A Crestview Estate Planning Attorney Can Help You
As an estate planning lawyer dedicated to the Crestview community, I stand ready to guide you through the process of creating and executing a Lady Bird deed that is tailored to your unique needs. You can reach me by calling my office at 850-634-4656 or through the online contact form to schedule your first consultation.