Are a Transfer on Death Deed  and a Lady Bird Deed  the same thing? The short answer is: No, they are not. If you live in a state like Florida, you might hear these terms used interchangeably. It is very common for people to conflate the two concepts, assuming they are identical tools for estate planning . While they share similarities in how they transfer property, there are critical legal and practical differences you need to know. Below, we break down exactly how these two

If you are asking "What should be the price of an estate plan that includes two deeds?" , the answer depends heavily on the level of service and where you live. Online/DIY Forms:  $50 – $150 (High risk of errors) Attorney-Drafted Deeds:  $350 – $950 per deed (Plus recording fees) Basic Trust Plan (Low End):  $2,500 – $3,000 Comprehensive Trust Plan (Couples/High Service):  $5,000 – $7,000+ Note: Prices vary by state and county. The ranges above reflect typical costs for servi

During an estate planning consultation I ran into a situation I’ve seen many times over the years—one that I suspect happens far more often than people realize. Because so many families face the same dilemma, I wanted to break it down in a way that can help others who are weighing similar choices in their estate planning. Meet “Bob” and His Two Estate Planning Goals For privacy reasons, we’ll call today’s client “Bob.” Bob came in with two very common goals: Keep costs as low

Have you ever played a card game where you thought you had the winning hand… until someone slams down a trump card and takes the entire pot? That’s exactly what happens in estate planning more often than you realize — and most people never see it coming. In estate planning , a “trump card”  is any designation on an asset that automatically overrides everything else you’ve written in your will or trust. No matter how carefully you drafted your will, no matter how many hours yo

If you co-own a home or land in Florida and you’re worried about whether the other person can secretly create a new deed that takes you off the title without your knowledge or consent , you’re not alone. This is one of the most common estate questions Florida property owners ask. Short answer:  It depends entirely on how  you and the other person hold title on the deed. In many cases — especially if the deed is silent or says “tenants in common” — the other owner can  transfe

In estate planning, it's common to wonder about conflicting instructions for your assets, especially real estate like your home. What if you initially set up a house as payable on death to one person, but later decide to place the same house into a trust for someone else? This scenario raises important questions about which designation rules. Let's break it down step by step based on how deeds work. Understanding Transfer on Death Deeds A transfer on death deed (often called

In Florida estate planning, one common question stands out: Why not just put real property in a trust to avoid probate?  While a revocable living trust is often the gold standard for transferring assets seamlessly, it isn’t always the most practical or cost-effective choice. Sometimes, adding heirs to a deed with rights of survivorship—or using a Lady bird deed —makes more sense depending on your financial situation, family dynamics, and long-term tax goals. This guide breaks

If you're a joint tenant with rights of survivorship on a property with your parent, and they're receiving government benefits like SSDI or Medicaid, you might worry about what happens to the house after they pass away. A common question is: Can the government come after the house? In this post, we'll break down the key differences between SSI and SSDI, explain why Social Security typically isn't a concern for property liens, and dive into how Medicaid recovery works—especial

In Florida, many people use quitclaim deeds as a simple way to transfer property ownership, especially when planning for the future. A common scenario involves adding family members to the deed to ensure the property passes smoothly without probate. For example, imagine a situation where a mother adds her 34-year-old grandson and 24-year-old granddaughter to her quitclaim deed with survivorship, listing her name first. The big question: Will the property go straight to them w

Estate planning is a crucial step for protecting your assets and ensuring your wishes are carried out smoothly. But one of the most...

If you're navigating estate planning in Florida, you've likely come across terms like "Lady Bird deed" and "homestead exemption." These...