In Florida, utilizing a lady bird deed would be wise. Consult with a local elder law attorney but it basically works like this: the elderly person gets to remain in the house for as long as they live. Once they pass away, the house would automatically be transferred to the "remainderman" listed on the lady bird deed. In this manner, the house avoids probate and no will is necessary for the house (although everyone, even folks of modest means, should have a will/trust estate plan set up, which can be done relatively cheaply). Good luck!
In Florida, utilizing a lady bird deed would be wise. Consult with a local elder law attorney but it basically works like this: the elderly person gets to remain in the house for as long as they live. Once they pass away, the house would automatically be transferred to the "remainderman" listed on the lady bird deed. In this manner, the house avoids probate and no will is necessary for the house (although everyone, even folks of modest means, should have a will/trust estate plan set up, which can be done relatively cheaply). Good luck!
