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Yes, you can change a Lady Bird Deed in Florida. A Florida Lady Bird Deed, also known as an enhanced life estate deed, allows the property owner to retain control over the property during their lifetime while designating who will receive the property upon their death. One of the main benefits of a Lady Bird Deed is its flexibility and revocability.
Revoke or Amend the Existing Deed: Since the grantor retains control and ownership of the property during their lifetime, they can revoke or amend the Lady Bird Deed anytime. This can be done by executing a new deed that either changes the beneficiaries, changes the terms, or completely revokes the original Lady Bird Deed.
Execute a New Deed: To change the Lady Bird Deed, you must execute and record a new deed. This new deed will supersede the previous Lady Bird Deed. The new deed should clearly state the changes and the intention to revoke any prior Lady Bird Deed.
Consult an Attorney: It’s advisable to consult with an attorney experienced in Florida real estate law to ensure the new deed is correctly drafted and executed. They can help you understand the implications of the changes and ensure the new deed is properly recorded.
While changing a Lady Bird Deed is straightforward, enlisting the help of an attorney ensures the process is handled correctly and efficiently, safeguarding your interests and providing peace of mind for you and your beneficiaries.
Published: Jul 10, 2024
Updated: Jul 15, 2024
This FAQ is for informational purposes only and does not constitute legal advice. We make no representations or warranties about this FAQ's completeness, accuracy, reliability, or suitability. Each legal situation is unique; consult an attorney for personalized guidance.
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