Is a quitclaim deed the same as a lady bird deed in Florida?
The Florida lady bird deed (also called an enhanced life estate deed) is not the same thing as a quitclaim deed. However, it is possible for a single deed to be both a lady bird deed and a quitclaim deed. What is a Quitclaim Deed? The term “quitclaim” means that the grantor makes no representations […]
Does Florida Allow Lady Bird Deeds?
Yes, Florida is one the five states that allow lady bird deeds. A lady bird deed (also called an “enhanced life estate deed”) is an estate planning tool for real estate, especially your homestead. The lady bird deed can provide you with several benefits, including avoiding the probate of your home after you pass away. […]
Florida Next of Kin Law (Attorney Explains Inheritance Order)
In Florida, the Next of Kin Law governs inheritance when someone dies without a will. The term “next of kin” refers to the decedent’s closest blood relatives who are first in line to inherit. The Next of Kin Law (also called the “inheritance law”) determines the order of heirs, starting with spouses, children, and siblings […]
Pour-Over Wills in Florida
A pour-over will transfers all assets in your probate estate into a living trust after you die. A pour-over will is often used in conjunction with a revocable living trust. What does a pour-over will do? A pour-over will moves all assets from a probate estate into a trust. This is done by the personal […]
What is a codicil?
A codicil is a document that modifies or updates your last will and testament. A properly-executed codicil will update your will without you having to go through the trouble and expense of making a whole new will. In Florida, a codicil can be used to alter a will, republish a will, or even revoke a […]