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Ohio Medicaid and Will

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Franny Fran Guest	Posted: Sun May 30, 2010 8:38 am    Post subject: Ohio Medicaid and Will Like 0 Dislike 0 My fiance and his two brothers were named in their dads will as owner of their parents home. Their mother is now sick and have to go either to a nursing home or assisted living, will Ohio Medicaid force them to sell the property or can they utilize the LadyBird Deed. Also can a family member now rent the home. The brothers want to keep the home. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Sun May 30, 2010 8:46 pm    Post subject: Like 0 Dislike 0 Hi Franny, The mother can use a ladybird deed and transfer the property to the son. A ladybird deed does not affect the Medicaid eligibility of the lender if the person expresses his/her wish to come back to the property or a close relative stays in the property. To know more about whether or not ladybird deed results in Medicaid penalty, check out the given page: http://www.mortgagefit.com/texas/ladybirddeed-medicaid.html _________________ Procrastination is the enemy of your financial success

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