Bird Deed. A lady bird deed is just a deed that is executed and recorded. A Lady Bird deed also known as an enhanced life estate deed is a way to transfer property to someone else outside of probate while retaining a life estate in the property.
Parents often convey title to one or many of their children in this manner with the reservations and appointments in the deed preventing the children from selling the property and forcing the parents to leave. The process begins by a grantor signing a deed to a grantee but retaining the right to sell use and otherwise manage the property during the grantors lifetime. Known by both names a lady bird deed or an enhanced life estate deed essentially gives more power to the client thats utilizing it.
It is not like a common deed that transfers fee title to real estate but rather it is a special method of transferring real property after death.
The process begins by a grantor signing a deed to a grantee but retaining the right to sell use and otherwise manage the property during the grantors lifetime. A home transferred via a Lady Bird deed contributes to the value of the homeowners estate for estate tax purposes. LADY BIRD DEED One Florida Supreme Court case supporting reserved powers in a life tenant relying on this case for support of the Lady Bird Deed See Ogleby v. 1917 See also Green v.