Other than the homestead debate, you must be aware that with a ladybird deed, liens against the remaindermen can attach to the property. In this case, the grantor should consider conveying to another third party. The homestead status would not protect the remainder interests.
This is surely not meant to be an exhaustive analysis of Lady Bird Deeds but rather some information so you are aware of it and know to ask an attorney for more details to see if it would assist in your own Estate Planning goals.