How to File
- Recording: It must be recorded at a Court Clerk & Comptroller’s office.[2]
- Signing: The grantor must sign with two (2) witnesses in the presence of a notary public for a lady bird deed to be recorded.[3][4] The notary public can act as one of the witnesses.
- Dimensions: Must have a 3 x 3-inch space at the top-right corner on the first page and a 1 inch (width) by 3 inches (height) on each subsequent page (this space is used by the recorder).[5]
- Parties’ Information: The names and addresses of the grantor(s), grantee(s), and preparer must be mentioned with their printed names beneath their signatures.[6]
Main Benefits
- Maintain Control: Allows an owner to maintain control of the property during their lifetime.[7]
- Revocable: An owner can change their mind, such as amending or canceling the deed’s instructions.[8]
- Avoids Probate: It avoids the probate process. Once the owner dies, the property is transferred to the beneficiaries by providing a death certificate to the Court Clerk & Comptroller’s Office.[9]
- Preserve Homestead Exemption: Preserves the owner’s homestead exemption benefits related to property taxes and rights against creditors (no force of sale).[10][11]
- Medicaid Protection: Medicaid pursues property going through probate. Therefore, the property is passed to its beneficiaries without expense reimbursements.[12]
- No Doc Stamp Tax: Not subject to documentary stamp tax.[13]
- Liens by Creditors: Due to the property still in the owner’s name, creditors can place liens on the property for any debts owed.[14]
Sample
Download: PDF
Sources
Content
- Oglesby v. Lee, 73 Fla. 39 (1917)
- Florida Statutes § 695.11
- Florida Statute § 689.01
- Florida Statute § 695.03
- Florida Statute § 695.26(1)(e)
- Florida Statute § 695.26(1)
- The ElderLaw Report – Life Estate Deeds; For Variations on a Theme (Page 7)
- The Ultimate Guide to Florida Lady Bird Deeds: Protecting Your Property and Legacy
- Lady Bird Deed in Florida: Pros and Cons
- Florida Statute § 193.155(3)(a)4
- Florida Constitution – Article X, Section 4(a)
- Lady Bird Deed – Best Kept Secret
- TAA 20B4-003
- Florida Irrevocable Grantor Homestead Trust: Having Your Cake and Eating it Too – Second Course
Forms