What is enhanced life estate deed in Florida?
What is enhanced life estate deed in Florida? The Enhanced Life Estate Deed enables a Florida real estate property owner to maintain their homestead exemption (both creditor and tax) if homestead protections apply – even though the grantor holds a life estate during their lifetime. It's automatic. What is the difference between a life estate deed and an enhanced life estate deed? An enhanced life estate deed transfers ownership of property after the owner's death without the necessity for probate. Unlike standard life estate deeds, the owner retains control of the property after the deed is in place and during...