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Do you know the difference between a quit claim deed and a warranty
deed? A life estate and an enhanced life estate? Choosing the wrong type
of deed can have significant consequences. |
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Transfers of Real Property (Deeds)
We can assist
you with the preparation of quit claim deeds (although these are rarely
the appropriate choice in deeds), the creation and execution
of life estate deeds, transfer upon death deeds (also referred to as “Lady
Bird” deeds); deeds transferring real property into trusts or out of
trusts, leasehold estate deeds, and warranty deeds. What type of deed is
appropriate in a particular situation often depends on what type of
ownership change is occurring and the goals of the parties involved.
Additionally, some transfers, though permissible, may not be advisable
given the circumstances of a particular individual. You should always
consult with an attorney before transferring real property or
re-characterizing its ownership. Failure to make an informed decision
could result in the loss of tax exemptions, the resetting of the Florida
Save Our Homes Cap, endangering of future Medicaid benefits, exposing of
the property to creditor claims, and other unintended results.
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