LADY BIRD DEED

1. DEED is a legal document used to convey the ownership rights to a property. It must be a physical document.
2. TITLE, however, is the legal way of saying you have ownership of the property. The title is not a document, but a concept that says you have the rights to use that property.

1. A Lady Bird Deed allows property owners to create a transfer of real estate that does not become effective until their death. The property owner retains all rights to the property during his or her lifetime, including the right to sell the property or change the person who will receive the property at his or her death.
2. When the property owner dies, the property passes automatically to the transferee(s) listed on the deed.
3. Lady Bird Deeds provide important Medicaid planning opportunities for Florida homeowners that may need nursing home or other long-term care. Unlike Florida quitclaim deed forms or warranty deed forms, Lady Bird Deeds do not disqualify you from receiving Medicaid benefits you would otherwise receive. And when you die, the state cannot file a claim against the property for reimbursement of Medicaid benefits.

• Warranty Deeds
• Quit Claim Deeds
• Traditional Life Estate Deeds

The cost to create a Lady Bird Deed is $450 plus recording fees; the cost for other deeds is $300 plus recording fees.