This form is an Enhanced Life Estate Deed where the Grantor is an individual and the Grantees are five individuals. Grantor conveys the property to Grantees subject to a retained enhanced life estate. Further, 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.
A Broward Florida Enhanced Life Estate or Lady Bird Deed is a legal instrument that allows an individual (the granter) to transfer their property while retaining the right to use and control it during their lifetime. This unique type of deed offers various benefits, such as avoiding probate, minimizing taxes, and protecting the property from Medicaid liens. The Broward Florida Enhanced Life Estate or Lady Bird Deed is specifically designed for individuals who wish to transfer their property to five individuals (the grantees) with specific conditions attached. This type of deed grants the granter the right to live on the property until their death, after which the remaining interest in the property is automatically transferred to the grantees. There are different types of Broward Florida Enhanced Life Estate or Lady Bird Deed — An Individual to Five Individuals, including: 1. Traditional Broward Florida Enhanced Life Estate or Lady Bird Deed: This type of deed grants the granter the right to live on the property for the entirety of their lifetime, while ensuring the property passes directly to the grantees upon the granter's death. 2. Broward Florida Enhanced Life Estate or Lady Bird Deed with Reserved Powers: In this variation, the granter retains certain powers, such as the ability to sell or mortgage the property without the consent of the grantees during their lifetime. However, the property still passes directly to the grantees upon the granter's death. 3. Broward Florida Enhanced Life Estate or Lady Bird Deed with Right of Revocation: This type of deed allows the granter to revoke the transfer of the property at any time during their lifetime, granting them flexibility and control over their assets. If revoked, the property once again becomes solely owned by the granter. 4. Broward Florida Enhanced Life Estate or Lady Bird Deed with Limited Powers of Appointment: With this variation, the granter has the ability to appoint the remaining interest in the property to specific individuals, such as children or grandchildren. However, if the granter does not exercise this power, the property automatically passes to the grantees. 5. Broward Florida Enhanced Life Estate or Lady Bird Deed with Right of Reversion: This type of deed allows the granter to set conditions upon which the property will revert to their ownership, even after it has been transferred to the grantees. Overall, Broward Florida Enhanced Life Estate or Lady Bird Deed — An Individual to Five Individuals provides a flexible and efficient estate planning tool for individuals who wish to transfer their property while maintaining control and benefiting from the advantages offered by this unique legal instrument.A Broward Florida Enhanced Life Estate or Lady Bird Deed is a legal instrument that allows an individual (the granter) to transfer their property while retaining the right to use and control it during their lifetime. This unique type of deed offers various benefits, such as avoiding probate, minimizing taxes, and protecting the property from Medicaid liens. The Broward Florida Enhanced Life Estate or Lady Bird Deed is specifically designed for individuals who wish to transfer their property to five individuals (the grantees) with specific conditions attached. This type of deed grants the granter the right to live on the property until their death, after which the remaining interest in the property is automatically transferred to the grantees. There are different types of Broward Florida Enhanced Life Estate or Lady Bird Deed — An Individual to Five Individuals, including: 1. Traditional Broward Florida Enhanced Life Estate or Lady Bird Deed: This type of deed grants the granter the right to live on the property for the entirety of their lifetime, while ensuring the property passes directly to the grantees upon the granter's death. 2. Broward Florida Enhanced Life Estate or Lady Bird Deed with Reserved Powers: In this variation, the granter retains certain powers, such as the ability to sell or mortgage the property without the consent of the grantees during their lifetime. However, the property still passes directly to the grantees upon the granter's death. 3. Broward Florida Enhanced Life Estate or Lady Bird Deed with Right of Revocation: This type of deed allows the granter to revoke the transfer of the property at any time during their lifetime, granting them flexibility and control over their assets. If revoked, the property once again becomes solely owned by the granter. 4. Broward Florida Enhanced Life Estate or Lady Bird Deed with Limited Powers of Appointment: With this variation, the granter has the ability to appoint the remaining interest in the property to specific individuals, such as children or grandchildren. However, if the granter does not exercise this power, the property automatically passes to the grantees. 5. Broward Florida Enhanced Life Estate or Lady Bird Deed with Right of Reversion: This type of deed allows the granter to set conditions upon which the property will revert to their ownership, even after it has been transferred to the grantees. Overall, Broward Florida Enhanced Life Estate or Lady Bird Deed — An Individual to Five Individuals provides a flexible and efficient estate planning tool for individuals who wish to transfer their property while maintaining control and benefiting from the advantages offered by this unique legal instrument.
