ENHANCED LIFE ESTATE DEED (LADY BIRD DEED)

Prepared by and return to:
[________________________________________]
[________________________________________]
[________________________________________]

Property Appraiser's Parcel ID No.: [________________]

ENHANCED LIFE ESTATE DEED

THIS ENHANCED LIFE ESTATE DEED is made on [__/__/____] by:

GRANTOR (Life Tenant):
[________________________________________]
whose address is [________________________________________], [________________], Florida [________]

to and in favor of:

REMAINDERMAN (Grantee):

RECITALS

WHEREAS, Grantor is the owner of the real property described in Exhibit A attached hereto; and

WHEREAS, Grantor desires to convey a remainder interest in said property while retaining an enhanced life estate with full power to sell, convey, mortgage, lease, or otherwise encumber the property during Grantor's lifetime without the consent or joinder of the Remainderman;

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged:

GRANTING CLAUSE

Grantor hereby conveys and warrants to the Remainderman named above a remainder interest in the real property described in Exhibit A (the "Property"), subject to an enhanced life estate reserved to Grantor, under the following terms:

1. ENHANCED LIFE ESTATE RESERVED

Grantor reserves an enhanced life estate in the Property with the following powers, which may be exercised without the consent, joinder, or agreement of the Remainderman:

(a) The unrestricted right to sell, convey, or transfer all or any part of the Property;
(b) The right to mortgage, encumber, or pledge the Property;
(c) The right to lease or rent the Property;
(d) The right to collect all rents, profits, and income from the Property;
(e) The right to manage, maintain, and improve the Property;
(f) The right to revoke this deed in whole or in part by executing and recording a subsequent deed;
(g) The right to designate different or additional remaindermen.

2. NO CURRENT INTEREST IN REMAINDERMAN

The Remainderman shall have no current possessory interest, right of use, or right of control over the Property during Grantor's lifetime. The remainder interest is contingent upon the Remainderman surviving the Grantor and the Grantor not having revoked or otherwise conveyed the Property during Grantor's lifetime.

3. VESTING OF REMAINDER

Upon the death of Grantor, the full fee simple title to the Property shall vest in the Remainderman automatically, without the necessity of probate or any further instrument of conveyance, subject to any encumbrances then existing.

If multiple Remaindermen are named, they shall take title as:
☐ Tenants in common in equal shares
☐ Joint tenants with right of survivorship
☐ Other: [________________________________________]

4. PREDECEASING REMAINDERMAN

If a Remainderman predeceases the Grantor, such Remainderman's interest shall:
☐ Lapse and pass to the surviving Remainderman(s)
☐ Pass to the predeceased Remainderman's heirs or devisees
☐ Revert to the Grantor

5. HOMESTEAD CONSIDERATIONS

☐ This Property is Grantor's homestead under Fla. Const. Art. X, § 4
☐ Grantor is married — spousal joinder required under Fla. Stat. § 689.111

6. DOCUMENTARY STAMP TAX AND TITLE INSURANCE

No documentary stamp tax is due upon recording of this deed because no consideration is exchanged and the transfer is not complete until the Grantor's death. The remainder interest holder should consult a title company regarding insurability.

PROPERTY DESCRIPTION

See Exhibit A attached hereto and incorporated by reference.

SIGNATURES

GRANTOR:

Signature: ________________________________________
Printed Name: [________________________________________]
Date: [__/__/____]

SPOUSE (if applicable — required for homestead):

Signature: ________________________________________
Printed Name: [________________________________________]
Date: [__/__/____]

WITNESSES (Two required per Fla. Stat. § 689.01)

Witness 1 Signature: ________________________________________
Printed Name: [________________________________________]

Witness 2 Signature: ________________________________________
Printed Name: [________________________________________]

NOTARIZATION

State of Florida
County of [________________]

The foregoing instrument was acknowledged before me by means of ☐ physical presence or ☐ online notarization this [____] day of [________________], [________], by [________________________________________], who is personally known to me or who has produced [________________] as identification.

Notary Signature: ________________________________________
Printed Name: [________________________________________]
Commission No.: [________________]
My Commission Expires: [__/__/____]

[NOTARIAL SEAL]

EXHIBIT A — LEGAL DESCRIPTION OF PROPERTY

[________________________________________]
[________________________________________]
[________________________________________]
[________________________________________]

Street Address: [________________________________________], [________________], Florida [________]

This deed is provided as a legal template and does not constitute legal advice. Florida homestead rules are complex. Consult a licensed Florida real estate or estate planning attorney before execution and recording.