Florida Lady Bird Deed vs. Living Trust
People often compare a Florida Lady Bird Deed to a living trust because both can help avoid probate in the right situation. The difference is that a trust is broader, while a Lady Bird Deed is often the simpler tool for a single Florida property.
When a Lady Bird Deed may be enough
- you mainly want to avoid probate for one Florida property
- you want to keep full control during life
- you want something simpler and lower cost than a full trust plan
When a living trust may be more appropriate
- you own multiple major assets in different categories
- you want broader estate-plan coordination
- your family or planning situation is more complex
Compare against a revocable trust here.