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Libon Masri

“I’m most passionate about helping the people who otherwise wouldn’t be able to fend for themselves,” says Masri as he sips his coffee, wearing a Jimi Hendrix tee-shirt.

Lady Bird Deed – Disadvantages and Warnings


While Ladybird deeds, also known as enhanced life estate deeds or transfer-on-death deeds, offer many advantages in estate planning, they also come with some disadvantages and potential pitfalls. It’s essential to understand both the benefits and drawbacks before deciding to use a Ladybird deed. Here are some disadvantages and warnings to consider:

1. Loss of Control: Although Ladybird deeds allow you to retain control over the property during your lifetime, there may be situations where the beneficiaries have a vested interest in the property, potentially limiting your ability to sell or mortgage it without their consent.

2. Inheritance Issues: If you have multiple beneficiaries and not all of them agree on what to do with the property, it can lead to disagreements and conflicts among your heirs.

3. Medicaid Eligibility: While Ladybird deeds are often used as a Medicaid planning tool, the rules surrounding Medicaid eligibility are complex and subject to change. It’s essential to consult with an attorney experienced in Medicaid planning to ensure that using a Ladybird deed aligns with your Medicaid planning goals.

4. Property Liabilities: If you transfer your property via a Ladybird deed, you may still be responsible for property-related liabilities, such as property taxes, maintenance costs, and insurance premiums. Be aware of your ongoing obligations.

5. Beneficiary Changes: Changing beneficiaries after the Ladybird deed is executed can be challenging and may require legal assistance. It’s important to carefully consider and choose your beneficiaries when creating the deed.

6. Consult an Attorney: Ladybird deeds are legal documents with long-term implications. Consulting with an experienced estate planning attorney in Florida is crucial to ensure that the deed is drafted correctly, complies with state laws, and aligns with your specific needs and goals.

7. Review Periodically: Circumstances change over time. It’s advisable to periodically review your estate plan, including any Ladybird deeds, to ensure they continue to meet your objectives. You may need to make updates or revisions.

In summary, Ladybird deeds offer valuable benefits in estate planning, but they are not without potential disadvantages and complexities. Before proceeding with a Ladybird deed, it’s essential to carefully consider your individual circumstances, seek legal advice, and weigh the advantages against the disadvantages to determine if it aligns with your estate planning goals.

LadyBird Knowledge Center

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The Importance of Professional Estate Planning

Professional estate planning in Florida, as in any other state, is critically important for several reasons. Estate planning involves creating a comprehensive plan for the management and distribution of your assets and affairs, both during your lifetime and after your death. Here are some key reasons why professional estate planning is crucial in Florida….

During this consultation, you'll have the opportunity to:

  1. Discuss Your Goals: Share your specific goals and objectives for your estate planning, including how you envision using a Ladybird deed to achieve them.

  2. Learn About Ladybird Deeds: Our experienced attorneys will provide you with a comprehensive overview of what Ladybird deeds are, how they work, and their potential advantages in your unique situation.

  3. Assess Your Eligibility: We’ll assess your eligibility for using a Ladybird deed based on your circumstances, property ownership, and estate planning needs.

  4. Address Your Questions: You can ask any questions or seek clarification on any aspects of Ladybird deeds or estate planning in Florida.

  5. Receive Personalized Guidance: Our team will provide you with personalized recommendations and guidance tailored to your specific needs and preferences.

  6. Discuss Next Steps: If you decide that a Ladybird deed is the right choice for you, we can discuss the next steps in the process and provide information on how we can assist you in creating and executing the deed.