Ladybird Deed Attorneys In South Florida
What Is a Ladybird Deed?
A Ladybird Deed, also known as an enhanced life estate deed, is a powerful estate planning tool used to transfer real estate while maintaining control during your lifetime. With this deed, you retain the right to use, sell, or mortgage the property without needing permission from the person you name as the beneficiary. Upon your passing, the property automatically transfers to the beneficiary you designated, avoiding the probate process.
This type of deed offers a simple and flexible way to plan for the future of your South Florida property.
Call Garcia, Miranda & Gonzalez-Rua, P.A. at 786-686-3090 to schedule a consultation with a lawyer today.
Benefits of Using a Ladybird Deed
One of the main advantages of a Ladybird Deed is that it allows you to keep full control over your property while you’re alive and well. This means that you have the freedom to sell, refinance, or even revoke the deed entirely without the need to involve the beneficiary at any point during your lifetime. This exceptional level of flexibility sets it apart from other transfer methods, which often impose restrictions that can limit your control over your own assets.
Furthermore, upon your passing, the property seamlessly transfers directly to your chosen beneficiary without the lengthy and often complicated process of going through probate. This not only saves precious time but also reduces costs for your loved ones, making the transition smoother during what is often a difficult period. Additionally, a Ladybird Deed can provide an extra layer of security by helping to protect your property from certain creditors and Medicaid claims, ensuring that your estate is safeguarded and passed on as you intended.
How Garcia, Miranda & Gonzalez-Rua, P.A.
Can Assist You
At Garcia, Miranda & Gonzalez-Rua, P.A., we work with clients across South Florida to explain the role a Ladybird Deed can play in their estate plans. We help you understand how this deed fits with your overall goals and assist with preparing the necessary documents to ensure your intentions are clear and legally effective.
If you’re considering a Ladybird Deed as part of your estate planning, contact us to schedule a consultation. We’re here to support you in making decisions that protect your property and simplify the transfer process for your loved ones.