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Ladybird deed Texas – How to protect home from Medicaid

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Icon Mini Profile jdiazsoto



Joined: 23 Jun 2008

Posts: 2



1.90 Dollars($)

PostPosted: Mon Jun 23, 2008 9:03 am    Post subject: Ladybird deed Texas – How to protect home from Medicaid

My grandmother already has a will leaving her home to my mother. She is applying for medicaid and will possibly be put in a nursing home. Does she need another form of document so the home won't be taken away?
 
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Icon Mini Profile larry



Joined: 27 Jun 2007

Posts: 3307



470.31 Dollars($)

PostPosted: Mon Jun 23, 2008 11:05 pm    Post subject:

Hi jdiazsoto.

Welcome to the forum.

You can use a Ladybird deed as it is approved in Texas. But I would suggest you to talk with an Estate Planning Attorney in you state.

Best of luck,
Larry
 
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j

Guest







0.10 Dollars($)

PostPosted: Tue Jun 24, 2008 6:06 am    Post subject: Lady Bird Deed

Will this deed prevent a lien being placed on the property if she takes the Medicaid coverage and remains in a nursing facility? Is drawing up the deed legal to do while she is taking the Medicaid coverage. There is balance owed on the property.
 
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Icon Mini Profile larry



Joined: 27 Jun 2007

Posts: 3307



470.31 Dollars($)

PostPosted: Tue Jun 24, 2008 6:24 am    Post subject:

Hi j

I think you are the original poster. Isn't it? So are you posting as a guest? As far as I know Ladybird deed protects the property from lien. Even in Florida the ladybird deed protects from medical lien. But I don't know whether it protects you from the medical lien or not? So I would suggest you to contact with an attorney before you go for the ladybird deed.

Best of luck,
Larry
 
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Icon Mini Profile smaildaytoday



Joined: 15 Oct 2007

Posts: 52



0.14 Dollars($)

PostPosted: Sun Jun 29, 2008 10:40 am    Post subject:

Why not use quitclaim deed and life life estate?
 
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Icon Mini Profile Niicss
Niicss


Joined: 03 Oct 2005

Posts: 1033



153.96 Dollars($)

PostPosted: Tue Aug 26, 2008 6:26 am    Post subject:

Hello smaildaytoday.

You are right. jdiazsoto can use a lift estate deed but if he uses a quitclaim deed then he cannot get the Medicaid facilities. So better use a Enhance Life Estate deed or ladybird deed

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