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Lady Bird Deed

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rnic464@yahoo.com Guest	Posted: Fri Sep 02, 2011 8:41 am    Post subject: Lady Bird Deed Like 0 Dislike 0 Hi, I have been reading your responses concerning the LBD. I am a little confused on the best avenue to take. My mother is considering an application for Long Term Care options Form H1200-EZ. Prior to her signing it states the acknowledgement of the Medicaid Recovery Program. Will the Lady Bird Deed prevent this recovery program from taking place? I believe she is trying to save about $98.00 a month by doing this. Any help is appreciated. Thank you _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Sun Sep 04, 2011 7:26 pm    Post subject: Like 0 Dislike 0 Welcome rnic, As far as I know, in case of a ladybird deed, the home may be considered as an exempt asset for Medicaid eligibility as long as the spouse or a relative of the owner occupies it when the owner of the property is not around. To know more in this regard, please 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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