Can a Lady Bird Deed be Revoked in Florida?

Yes, a Lady Bird deed can be revoked in Florida. One of the key features of a Lady Bird deed (enhanced life estate deed) is that it allows the grantor to retain full control over the property during their lifetime. This includes the ability to revoke the deed, change the designated beneficiaries, or sell or mortgage the property without needing the beneficiaries' consent.

This flexibility, coupled with the popularity of Lady Bird Deeds as an estate planning tool, instills confidence in those wanting to maintain control over their real estate while planning its future transfer.

Reasons to Revoke or Change Beneficiaries:

1. Change in Circumstances: Personal situations, such as marriage, divorce, birth of a child, or death of a beneficiary, may prompt the need to update the deed.

2. Relationship Changes: The grantor may wish to add or remove beneficiaries due to changes in relationships or trust levels.

3. Financial Considerations: New financial goals or strategies may change how the property should be managed or transferred.

4. Tax Implications: Adjusting for potential tax benefits or consequences could necessitate changes to the deed.

When revoking or changing a beneficiary on a Lady Bird deed, it's important to retain a real estate attorney to make any modifications to ensure compliance with Florida laws, proper documentation, and estate planning advice and to avoid costly errors. An attorney's expertise provides peace of mind and accurately meets your estate planning objectives.