What is a Lady Bird Deed (Enhanced Life Estate Deed) and why is it useful in Florida?

A Lady Bird Deed, also known as an Enhanced Life Estate Deed, is a specialized legal document that allows a property owner (Grantor) to automatically transfer their real estate to named beneficiaries (Remaindermen) upon the owner's death, thereby avoiding the cost and delays of probate. Crucially, the owner retains the right to sell, mortgage, or otherwise use the property without the beneficiaries' consent while they are alive.