Lady Bird Deeds

Estates, Trusts & Wills
1

Hi Mark and Matt. Thanks for all you do. I’ve set up my Revocable Living Trust, done the LLC cleanup, and created 3 new LLCs with your firm so far and hopefully, I can do more soon.

I have a question about a Lady Bird Deed. My parents own their home in Florida and they have added me to a new Lady Bird Deed. My understanding is that the house will easily transfer to me once they both pass. As a result, at least this asset will transfer easily and avoid probate.

I’m assuming a Trust along with a Will is a better option, but what do you think of this Lady Bird process? Is it available in all states?

Thanks so much!!

2

bump, have literally same question, same state and everything!

3

We covered this on the Podcast today. Wednesday, November 20th. It will be live in the next 3-4 days. Thank you so. much for listening. Mark and Mat