This form is an Enhanced Life Estate Deed where the Grantors are two individuals, or husband and wife, and the Grantees are three individuals. Grantors convey the property to Grantees subject to a retained enhanced life estates in each Grantor. Further, the Grantors each retain 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 Miramar Florida Enhanced Life Estate, also known as a Lady Bird Deed, is a legal arrangement that allows two individuals, typically a husband and wife, to transfer ownership of their property to three individuals while still maintaining control and use of the property during their lifetimes. This type of deed has several variations to meet specific needs, including: 1. Miramar Florida Enhanced Life Estate or Lady Bird Deed with Right of Survivorship: This type of Lady Bird Deed ensures that when one spouse passes away, the surviving spouse retains full ownership and control of the property without the need for probate. 2. Miramar Florida Enhanced Life Estate or Lady Bird Deed with Remainder Interest: In this variation, the couple transfers ownership of their property to three individuals, but they retain a remainder interest, which means they have the right to use and occupy the property for life. After their death, the three individuals named in the deed become the owners of the property. 3. Miramar Florida Enhanced Life Estate or Lady Bird Deed with Reserved Powers: This type of deed allows the transferring couple to retain certain powers and rights over the property, such as the ability to sell, mortgage, or lease it without obtaining consent from the new owners. The Miramar Florida Enhanced Life Estate or Lady Bird Deed is an attractive option for individuals who wish to avoid probate and have direct control over the distribution of their property upon death. By utilizing this type of deed, individuals can ensure a smooth transfer of property to their chosen beneficiaries while maintaining control and use of the property during their lifetime.A Miramar Florida Enhanced Life Estate, also known as a Lady Bird Deed, is a legal arrangement that allows two individuals, typically a husband and wife, to transfer ownership of their property to three individuals while still maintaining control and use of the property during their lifetimes. This type of deed has several variations to meet specific needs, including: 1. Miramar Florida Enhanced Life Estate or Lady Bird Deed with Right of Survivorship: This type of Lady Bird Deed ensures that when one spouse passes away, the surviving spouse retains full ownership and control of the property without the need for probate. 2. Miramar Florida Enhanced Life Estate or Lady Bird Deed with Remainder Interest: In this variation, the couple transfers ownership of their property to three individuals, but they retain a remainder interest, which means they have the right to use and occupy the property for life. After their death, the three individuals named in the deed become the owners of the property. 3. Miramar Florida Enhanced Life Estate or Lady Bird Deed with Reserved Powers: This type of deed allows the transferring couple to retain certain powers and rights over the property, such as the ability to sell, mortgage, or lease it without obtaining consent from the new owners. The Miramar Florida Enhanced Life Estate or Lady Bird Deed is an attractive option for individuals who wish to avoid probate and have direct control over the distribution of their property upon death. By utilizing this type of deed, individuals can ensure a smooth transfer of property to their chosen beneficiaries while maintaining control and use of the property during their lifetime.
