We are lucky to have properties in Vermont and Florida, which are two of 6 states that allow for enhanced life estate deeds, aka Lady Bird deeds and we have executed and recorded ELE deeds for both of properties. Effectively the ELE deed is similar to having beneficiary designations on financial accounts, but for real estate.
DW and I are joint owners of the property and can use it, rent it, and importantly, sell it and keep the proceeds, or whatever as long as we are alive. If one of us dies, then the same thing, e surviving spouse can use it, rent it, sell it and keep the proceeds, or whatever as long as they are alive. When the second of us dies, the property is owned by our heirs, DS and DD, without going through probate.
The ELE deed differs from a life estate deed that isn't enhanced. With a regular life estate deed if you want to sell the property and keep the proceeds you may need the consent of the remainderman/heir, so be careful with life estate deeds.
YMMV.