Enhanced life estate deeds (a.k.a., "ladybird deeds") and Medicaid Asset Protection Trust are both tools that may be used for protecting real estate from future.
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such as a living trust or lady bird deed, might do the trick. You stated that your mother has dementia, and if she is no longer of sound mind she will not be able to sign any documents to assist with.
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Florida Enhanced Life Estate Deeds – Lady Bird Deeds. The Florida Enhanced Life Estate Deed is an invaluable alternative that provides the benefits of the traditional Life Estate Deed and, furthermore, allows an individual to retain control of his/her homestead during his/her lifetime.
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The Palm Beach house shared by the late fashion designer Arnold Scaasi and his late husband, publishing executive Parker Ladd, has changed hands for $5.87 million, the price recorded with the deed.
I have a one on my property in Florida at my attorney’s advice and would like one on my other property. You were right in saying President Johnson didn’t use that deed in his estate. But Lady Bird had.
A Lady bird deed (called an enhanced life estate deed in Florida) is a relatively new form of deed that, like a traditional life estate deed, allows property to pass automatically to one or more designated recipients at death, without the need for Florida probate.Florida is one of only a handful of states that recognize Lady Bird deeds.
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