Florida Wills & Trusts

February 2014 Update

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Updated Product Features

New Enhanced Life Estate Deed Added

 

Ladybird deeds, sometimes called Enhanced Life Estate Deeds are, essentially, a conveyance of a full interest coupled with the reservation of a life estate "enhanced" by the power to deal with the property unilaterally, even to the point of selling it and keeping the proceeds.  This can be an alternative to jointly held real estate, or a normal life estate requiring joinder of both the life tenant and the remaindermen, and is frequently used for Medicaid planning.  Question 9, New Questions 1416-1426

 

Witness Address Option Revised for Wills and Trusts

 

For wills, codicils, trusts and trust amendments the program will now ask witness information (address and telephone number) questions even if witness names are left blank. This allows the address to be added for in-office signings without having to identify who will be available to witness.  Questions 1441-1447

 

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To view those questions that are new in this update, or where Law & Strategy, choices, or default answers have changed, use the "Up_Feb14" flag file.  From inside Lawgic, open any existing answer file; on the Flags menu, click Open Flags, select the appropriate Title (click OK), and next select the "Up_ Feb14" flag file (and click OK).  To view all flagged questions, click Expand All on the Answers menu and scroll the Navigator.  Flagged questions will be indicated with blue bold text. 

 

 

Please continue to send us your suggestions on existing or new products. Contact our Technical Support Department at 1-877-2-LAWGIC (252-9442) or e-mail us at support@lawgic.com.

 

 

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