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Posted on: 15th Feb, 2012 05:21 am
have been on medicaid for three years, will i be penilazed if i drew up a lady bird deed now on my property florida
Welcome Keith,

You need to check out whether or not ladybird deed is applicable in Florida. If yes, then as far as I know, it does not affect your chances of qualifying for a Medicaid. Nevertheless, you should contact an attorney who is well versed with the Medicaid guidelines and take his opinion in this matter.
Posted on: 16th Feb, 2012 08:14 pm
Hi Keith,

If you draw up a ladybird deed now and transfer the property to someone else, you will not remain liable for the Medicaid benefits for the next 5 years. So, before you sign on the documents, you should understand the repercussions of your act.

Posted on: 19th Feb, 2012 11:21 pm
Medicaid rules are complicated and change quickly. Individual circumstances differ. Be sure to consult a knowledgeable attorney for help in formulating an asset protection plan.
Posted on: 19th Feb, 2012 11:49 pm
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