This form is an Enhanced Life Estate Deed where the Grantor is an Individual and the Grantees are two individuals or husband and wife. Grantor conveys the property to Grantees subject to a retained enhanced life estate. The Grantor retains for life the right to sell, encumber, mortgage or otherwise impair the interest Grantees might receive in the future with the exception of the right to transfer the property by will. This deed complies with all state statutory laws.
Miami-Dade Florida Enhanced Life Estate or Lady Bird Deed — Individual to Two Individuals / Husband and Wife In Miami-Dade County, Florida, an Enhanced Life Estate Deed, also commonly known as a Lady Bird Deed, is a legal instrument that allows an individual to transfer their real property to two other individuals, typically a husband and wife. This type of deed provides several unique advantages and protections for both the granter (property owner) and the grantees (two individuals receiving the property). One of the key benefits of the Miami-Dade Florida Enhanced Life Estate or Lady Bird Deed is the ability for the granter to retain complete control and ownership of the property during their lifetime. The granter can continue to live on and use the property, sell it, or make changes to it without requiring permission from the grantees. This type of deed also provides added protection for the property in case the granter requires Medicaid or long-term care in the future. Unlike a traditional life estate deed, the Enhanced Life Estate or Lady Bird Deed allows the granter to retain eligibility for Medicaid benefits while still transferring the property to the grantees. In Miami-Dade County, there are various types of Enhanced Life Estate or Lady Bird Deeds available for different situations: 1. Enhanced Life Estate Deed — Individual to Husband and Wife: This type of deed is used when the granter wishes to transfer the property to a married couple. The couple becomes the remainder beneficiaries, meaning they will automatically gain full ownership of the property upon the granter's death without the need of probate. 2. Enhanced Life Estate Deed — Individual to Two Individuals: This deed is utilized when the granter wants to transfer the property to two individuals who are not necessarily married. Similar to the first type, the grantees become the remainder beneficiaries and can take ownership of the property upon the granter's passing. 3. Enhanced Life Estate Deed — Joint Tenants with Right of Survivorship: This variation of the Enhanced Life Estate or Lady Bird Deed is suitable when the granter wants to transfer the property to two individuals who are not married but wish to hold joint ownership with the right of survivorship. If one of the grantees passes away, their share automatically transfers to the remaining grantee. Please note that the exact requirements and specifications of these deeds may vary from county to county within Florida, including Miami-Dade County. It is crucial to consult with a qualified real estate attorney or professional to ensure adherence to legal guidelines and the proper execution of the deed.Miami-Dade Florida Enhanced Life Estate or Lady Bird Deed — Individual to Two Individuals / Husband and Wife In Miami-Dade County, Florida, an Enhanced Life Estate Deed, also commonly known as a Lady Bird Deed, is a legal instrument that allows an individual to transfer their real property to two other individuals, typically a husband and wife. This type of deed provides several unique advantages and protections for both the granter (property owner) and the grantees (two individuals receiving the property). One of the key benefits of the Miami-Dade Florida Enhanced Life Estate or Lady Bird Deed is the ability for the granter to retain complete control and ownership of the property during their lifetime. The granter can continue to live on and use the property, sell it, or make changes to it without requiring permission from the grantees. This type of deed also provides added protection for the property in case the granter requires Medicaid or long-term care in the future. Unlike a traditional life estate deed, the Enhanced Life Estate or Lady Bird Deed allows the granter to retain eligibility for Medicaid benefits while still transferring the property to the grantees. In Miami-Dade County, there are various types of Enhanced Life Estate or Lady Bird Deeds available for different situations: 1. Enhanced Life Estate Deed — Individual to Husband and Wife: This type of deed is used when the granter wishes to transfer the property to a married couple. The couple becomes the remainder beneficiaries, meaning they will automatically gain full ownership of the property upon the granter's death without the need of probate. 2. Enhanced Life Estate Deed — Individual to Two Individuals: This deed is utilized when the granter wants to transfer the property to two individuals who are not necessarily married. Similar to the first type, the grantees become the remainder beneficiaries and can take ownership of the property upon the granter's passing. 3. Enhanced Life Estate Deed — Joint Tenants with Right of Survivorship: This variation of the Enhanced Life Estate or Lady Bird Deed is suitable when the granter wants to transfer the property to two individuals who are not married but wish to hold joint ownership with the right of survivorship. If one of the grantees passes away, their share automatically transfers to the remaining grantee. Please note that the exact requirements and specifications of these deeds may vary from county to county within Florida, including Miami-Dade County. It is crucial to consult with a qualified real estate attorney or professional to ensure adherence to legal guidelines and the proper execution of the deed.
