Lady Bird Deed vs. Lady Bird Trust: What's the Difference?
Lady Bird Deeds are not the same as a Lady Bird Trust.
"Lady Bird Trust" is not a legal instrument in Florida. The phrase shows up in online searches, but no Florida statute or deed form creates a "Lady Bird Trust."
People who use the phrase usually mean one of two things:
A Lady Bird deed, also called an enhanced life estate deed. This is a deed, not a trust. The owner keeps full control for life and names who receives the property at death.
A revocable living trust, which can hold real estate and other assets and is managed by a trustee under a written trust agreement.
A lady bird deed can cover one property or several properties in the same county, and each property is described in the deed. Owners with property in several counties need a deed recorded in each county.
For an owner whose main asset is a Florida home, a lady bird deed is usually simpler and less expensive than a trust. A trust may be a better fit for owners with several kinds of assets, minor beneficiaries, or a need for a trustee to manage property. See is a trust better than a lady bird deed.
Disclaimer: This content is for informational purposes only and is not legal advice. No warranties on completeness, accuracy, or suitability. Always consult an attorney for personal guidance.
Related Lady Bird Deeds FAQs
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- What Is a Florida Lady Bird Deed?
- What Is an Enhanced Life Estate Deed?
- What Is Florida's Lady Bird Deed Law?
- What Is the Purpose of a Lady Bird Deed?
- What States Allow Lady Bird Deeds?
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