Lady Bird Deeds- A Simple Way to Avoid Probate
Tuesday, June 01, 2010
Are you concerned about keeping your home outside of probate when you pass away? If you are like most people, you don't like the idea of tying up your property in legal limbo for months before your beneficiaries can take possession of or sell your home.
A Lady Bird Deed conveys the property to your beneficiaries but you have the right to remain in your home for the rest of your life. You can also sell the home at any time without having to notify or obtain the consent of your beneficiaries.
A Lady Bird Deed also has other benefits: it is far less costly to set up than a Trust; it can protect your home from creditors, and it allows you to keep all the benfits of Florida Homestead protection.
Call me to discuss whether a Ladybird Deed is right for you and your loved ones.
Debra G. Simms
6/1/2010 1:09:00 PM
Comments:
Response to: Lady Bird Deeds- A Simple Way to Avoid Probate
Tuesday, August 03, 2010
j tidwell says:
can i do a ladybird deed if my property is mortgaged?
Absolutely!
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