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Will a enhanced life estate deed cause a Medicaid penalty?

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Martha Guest	Posted: Thu Oct 28, 2010 6:50 am    Post subject: Is the Lady Bird Deed legal in the state of Mississippi Like 0 Dislike 0 My mother's name is on the deed to her home place along with my husband and myself. She has had it put in her will that she only lived there and that my husband and I paid for the mortgage and all other expenses for the house. She is in a nursing home and we have been told that when she passes the Medicaid Recovery Act will take her 1/3 of the house. If we have a Lady Bird Deed will the void the Medicaid Recovery Act claim?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Oct 28, 2010 11:33 pm    Post subject: Like 0 Dislike 0 Hi Martha! Welcome to forums! Your query has been replied to in the given page: http://www.mortgagefit.com/propertytransfer/about45862.html#189240 Take a look at it. Hope it helps you. Sussane
Pablino Guest	Posted: Sat Oct 30, 2010 1:09 pm    Post subject: Medicaid My home my Will or Trust or Lady Bird deed Like 0 Dislike 0 I am a senior, considered in good health Thank - God, I want to leave my home to one of my relative, if I am require to go to a nursing home would my best bet to leave my home to my relative without having Medicaid takeover it, be to file a Ladybird enhanced life estate, or put it in a trust, and do I have to wait 5yrs. to be save? I live inTexas. what is best.
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Sun Oct 31, 2010 10:29 pm    Post subject: Like 0 Dislike 0 Welcome Pablino, You can use a ladybird deed in order transfer your property to someone else. As far as I know, it won't affect your chances of getting the benefit of Medicaid. However, before taking any step, you should have a word with an attorney and he will guide you further in this regard. _________________ Procrastination is the enemy of your financial success
susansue Guest	Posted: Thu Nov 04, 2010 8:54 am    Post subject: MERP Like 0 Dislike 0 My Mother passed away 10/22/10.She has been in a nursing home for passed 3 years funded by Medicaid. A Lady Bird deed was filed in March 2010. Will Medicaid be able to file a lien on my Mothers home? How long does it take to get a final answer from Medicaid. My sister/brother and I would like to sell her home ASAP.
susansue Guest	Posted: Thu Nov 04, 2010 9:03 am    Post subject: Merp Texas Like 0 Dislike 0 In addition to my previous question - my brother is a disabled VET with 100% social security benefits - I understand that would be a exemption to Medicaid taking my Mother's home?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Thu Nov 04, 2010 11:01 pm    Post subject: Like 0 Dislike 0 Hi susansue! Welcome to forums! As far as I can understand, if you and your siblings are staying in the property, then the Medicaid may not be able to place a lien on it. As far as exemptions are concerned, it would be better if you could get in touch with an attorney and take his opinion in this matter. Feel free to ask if you've further queries. Sussane
Big J Guest	Posted: Thu Dec 02, 2010 3:01 pm    Post subject: Should a ladybird deed be put into effect or not Like 0 Dislike 0 Dad is going to need care soon, his home is worth 50,000.00, as it is a manufactured home in a park. His car is ten years old. People are telling us to to do a living trust, or ladybird deed, and Medicaid can't touch the two assets. What I am reading here, says that this statement is untrue. Can you help?
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Thu Dec 02, 2010 10:27 pm    Post subject: Like 0 Dislike 0 Welcome Guest, Your father can use a ladybird deed in order to transfer the property to you. This will not make your father ineligible for the Medicaid benefits. Nevertheless, you should contact an attorney and take his help in this matter. _________________ Procrastination is the enemy of your financial success
Hardhead Guest	Posted: Tue Feb 15, 2011 4:01 pm    Post subject: Lady bird Deed in North Carolina Like 0 Dislike 0 I am thinking of getting a Lady Bird Deed for my mother's property. She has the beginnng stages of Demencia. She is still able to stay at home, but I want to be prepared for the possiblilty that I will not be able to care for her and she has to go to a nursing home. I do not want the State to take what little she has.
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Tue Feb 15, 2011 9:21 pm    Post subject: Like 0 Dislike 0 Hi Guest, Your query has been replied to in the given page: http://www.mortgagefit.com/annoucements/about49633.html Take a look at it. Hope it helps you. Thanks
granny Guest	Posted: Tue Feb 22, 2011 5:47 pm    Post subject: lady bird deed Like 0 Dislike 0 are lady bird deeds honored in nc?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Tue Feb 22, 2011 11:07 pm    Post subject: Like 0 Dislike 0 Hi granny! Welcome to forums! As far as I know, ladybird deed is not valid in North Carolina. Feel free to ask if you've further queries. Sussane

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