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 hughesrl
Joined: 09 Sep 2009
Posts: 1
1.38 Dollars($)
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 Posted: Wed Sep 09, 2009 4:06 am Post subject: Lady Bird Deed and heirs |
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| My mother has to go to a nursing home facility and there is not much hope she will return home. Can she file a Lady Bird Deed and make my brother the recipient in the state of Michigan? He lives out of town by 500 miles and cannot occupy the home. Will she still be eligible for Medicaid? We are not a wealth family and cannot afford assisted living. Help! We are running out of time! |
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savior70
Joined: 25 Mar 2009
Posts: 1422
Location: Florida
168.75 Dollars($)
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| Posted: Wed Sep 09, 2009 7:03 am Post subject: |
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Hi,
As far as I'm aware of, transferring property through a lady bird deed does not make one ineligible for Medicaid. The donor can transfer the property and qualify for Medicaid as long as he/she expresses his/her intent to return to the property. The property could also be considered as an exempt from Medicaid if the donor's spouse or any close relative occupies it when he/she is not around. |
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hughesrl@gdls.com
Guest
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| Posted: Wed Sep 09, 2009 9:34 am Post subject: Lady Bird Deed and heirs |
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| My father has passed and no one lives close enough to occupy it. My mother's intent is to return but we know she won't. How will that be viewed from the "GOVERNMENT" point of view? |
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smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
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| Posted: Wed Sep 09, 2009 10:02 pm Post subject: |
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Hi hughesrl!
Welcome to forums!
If your father had taken a mortgage on that property and if no one is paying off the mortgage, then the lender would simply foreclose the property to recover the debts.
Feel free to ask if you've further queries.
Sussane |
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Guest
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| Posted: Thu Sep 10, 2009 5:47 am Post subject: |
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The house has been paid for almost 35 years ago. Taxes are current and there are no liens against it.
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jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
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| Posted: Thu Sep 10, 2009 11:34 pm Post subject: |
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Hi Guest,
The property will be given to the heirs of the deceased. If the deceased had left a will, then the will needs to be probated. After the probate is complete, you need to record it at the county recorder's office.
Thanks |
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