This form is an Enhanced Life Estate Deed where the Grantor is an Individual and the Grantee is an individual. Grantor conveys the property to Grantee subject to a retained life estate. Further, the Grantor retains the right to sell, encumber, mortgage or otherwise impair the interest Grantee 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 Gardens Florida is a city located in Miami-Dade County, Florida. In real estate law, there exists a specific type of deed known as the Enhanced Life Estate or Lady Bird Deed — Individual to Individual. This type of deed allows for the seamless transfer of property from one individual to another while providing certain enhanced rights to the granter during their lifetime. The Miami Gardens Florida Enhanced Life Estate or Lady Bird Deed is a unique legal instrument that enables property owners to retain control and benefits of their property while still having the ability to transfer it to another individual upon their death, without the need for probate. One of the key features of this type of deed is that the granter retains a life estate, which means they have the right to use and occupy the property throughout their lifetime. They also retain the ability to sell, mortgage, or otherwise transfer the property without any consent from the beneficiaries named in the deed. Miami Gardens Florida offers two main types of Enhanced Life Estate or Lady Bird Deeds — Individual to Individual: 1. Traditional Enhanced Life Estate Deed: In this type of Lady Bird Deed, the granter retains the right to change the beneficiaries named in the deed at any time before their death. This provides flexibility and allows the granter to adapt to changing circumstances or preferences. 2. Irrevocable Enhanced Life Estate Deed: In this type of Lady Bird Deed, the granter cannot make any changes to the beneficiaries named in the deed after its execution. This type of deed is often used for estate planning purposes, as it provides a predetermined plan for the transfer of property and avoids the need for probate. Both types of Lady Bird Deeds in Miami Gardens Florida are designed to maximize the flexibility and control of the granter while ensuring a smooth transfer of property upon their death. These deeds are becoming increasingly popular for individuals who wish to avoid the complexity and expense of probate and want to ensure a seamless transfer of property to their chosen beneficiaries. Overall, the Miami Gardens Florida Enhanced Life Estate or Lady Bird Deed — Individual to Individual is a valuable estate planning tool that provides property owners with enhanced rights while facilitating the transfer of property upon their death. It offers flexibility, control, and peace of mind in ensuring the desired distribution of assets.
