What does a lady bird deed say?

 

A lady bird deed is also known as an enhanced life estate deed. It is a tool to avoid probate on real estate.

 
 

Attorney Tom Olsen: -from Sanford. Ken, you're on News 96.5, go ahead.

Ken: Hi Tom. I just got a short question. What does the lady bird deed entail? Does it-- they give my property over to whomever I send.

Attorney Tom Olsen: Ken, a lady bird deed, if you sign it, states it as long as you are alive, it is your piece of property to do with as you please. Within the body of the lady bird deed, it literally gives the name or names of the people who will own this piece of property when you pass away. When you do a lady bird deed and you pass away, those people, all they need to do is to record your death certificate in the public records, and the property will automatically belong to them. No headaches, no hassles, no probate.

So, Ken, a lady bird deed is a great tool for avoiding probate on real estate. It might be your home, it might be a commercial property, it might be your beach condo. You can use it even if there's a mortgage on your property. Ken, the good news is, we have a great booklet on lady bird deeds and easy ways to avoid probate on real estate. And if you want to receive that, all you have to do is call or text Chrissy, 407-808-8398. Now, when you call or text, you don't need to leave a message. All you have to do is leave your name and mailing address, and Chrissy will get that in the mail to you. 407-808-8398. Ken, does that answer your question for you?

Ken: That does. But what is the approximate cost to set that up?

Attorney Tom Olsen: If you call us at our office next week, we'd be happy to give you a quote for doing that lady bird deed. You can call at our office or you can email me, Ken, through the website at lawtube.--