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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

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Post Posted: Mon Jun 23, 2008 9:03 am    Post subject: Ladybird deed Texas – How to protect home from Medicaid
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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?
Icon Mini Profile larry





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Post Posted: Mon Jun 23, 2008 11:05 pm    Post subject:
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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
j

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Post Posted: Tue Jun 24, 2008 6:06 am    Post subject: Lady Bird Deed
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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.
Icon Mini Profile larry





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Post Posted: Tue Jun 24, 2008 6:24 am    Post subject:
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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
Icon Mini Profile smaildaytoday





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Post Posted: Sun Jun 29, 2008 10:40 am    Post subject:
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Why not use quitclaim deed and life life estate?
Icon Mini Profile Niicss
Niicss




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Post Posted: Tue Aug 26, 2008 6:26 am    Post subject:
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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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bj

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Post Posted: Thu Sep 25, 2008 10:44 am    Post subject: lady bird deed
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if a spouse is in the nursing home, on medicade. To Lady Bird Deed to spouse not in the nursing home is ok? Can the spouse not in the nursing home who has power of attny. sell the house due to financial stress? to move to a small house or apartment? Thank you
Icon Mini Profile jerry
jerry
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Post Posted: Fri Sep 26, 2008 3:10 am    Post subject:
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Hi bj!

A "Lady Bird" deed is actually an enhanced life state deed. If you want to offer your spouse an enhanced life estate, you can sign such a deed. The spouse who has the power of attorney can sell the house.

Thanks,

Jerry
sabdy

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Post Posted: Fri Mar 27, 2009 1:45 pm    Post subject: my mom
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My mom was placed in a nursing home yesterday. She has a small home worth about 35,000.00 and she is the sole owner. We are applying for Medicaid Long Term Care. Will they take away the home. She wanted my brother to have the home and we just did not get it put into his name. What can we do to prevent Medicaid from taking the home?
Icon Mini Profile savior70





Joined: 25 Mar 2009

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Post Posted: Sat Mar 28, 2009 5:32 am    Post subject:
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Hi

I suppose a transfer of title from your mother to your bother won't be possible, because there is a look back period of about 5 years that comes with Medicaid. This means that any transfer of property to avoid estate recovery within the past 5 years of applying for Medicaid would not be considered as valid and Medicaid would be able to put lien on the property.
ronald england

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Post Posted: Mon Apr 06, 2009 4:42 pm    Post subject: lady bird deed
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i put my father in a nusing home. my problem is we share the land. but i have my own home next door. can i lose my home
Icon Mini Profile savior70





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Post Posted: Tue Apr 07, 2009 5:16 am    Post subject:
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Hi

If the land is in your father's name, the nursing home can put a lien on the land. But if the home next door is not in your father's name, I think you can retain the home. They can put lien only on the portion of the property owned by your father.
Mel

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Post Posted: Fri Jul 31, 2009 12:44 pm    Post subject:
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My mother, 81, would like to deed her home to her children. The home is paid off. What is the length of time for medicaid if she needs to go into a nursing home.
Icon Mini Profile jerry
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Post Posted: Sat Aug 01, 2009 4:04 am    Post subject:
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Hi Mel,

The look back period for transfer of properties, as applicable in Medicaid, is for 5 years. If your mother transfers the property to her children within past 5 years of applying for Medicaid, the transfer could be considered invalid.

Thanks,

Jerry
Mel

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Post Posted: Fri Aug 07, 2009 8:09 am    Post subject:
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Which is better for heirs, the lady byrd deed or living trust?
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