ladybird trust and medicaid

Guest 0.10 Dollars($)

My uncle has a ladybird with my sister and I as "beneficiaries". My uncle is in a nursing and has always intended to return to his home, but due to illnessess, etc. has not been able to at this time (It has been about 4 yrs now). My uncle is also on Medicaid. Nursing home is paid for by Medicaid and ss benefits (about $1400 per month less $35 which he gets to keep).

My sister & I have been paying association dues & other expenses related to home, but we are now tapped out.

If my uncle sells the home, does he have any protection against Medicaid liens, nursing home, etc. He wants to be able to pay for field trips, diapers, laundry, etc. & the $35 per month (even at the nursing home) is not enough.

larry · Joined: 27 Jun 2007 Posts: 3328 473.40 Dollars($)

Hi Guest.

Welcome to the forum.

I think your uncle cannot sell the property now as he is under Medicaid. Otherwise he may have to pay penalty for selling the house or as the beneficiary are you willing to pay the Medicaid lien? Check out when the Medicaid lien is exempt at http://www.mortgagefit.com/know-how/ladybirddeed.html#25827

Hope it helps. Feel free to ask if you have any further questions.

Best of luck,
Larry

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