Posted on: 27th Dec, 2011 06:22 am
My mom in nursing home and my dad lives in their home in Texas. She is on Medicaid. If he sells the home will that effect her being on medicaid? and if is does effect her how can it be avoided. THe house is free and clear. Is the Lady bird deed any value at this point?
Welcome Adams,
If the ladybird deed is considered to be legal in your state, then your mother can use it to transfer the property in your father's name and then he can sell it off. However, in order to know whether or not ladybird deed causes Medicaid penalty, check out the given page: http://www.mortgagefit.com/texas/ladybirddeed-medicaid.html .
If the ladybird deed is considered to be legal in your state, then your mother can use it to transfer the property in your father's name and then he can sell it off. However, in order to know whether or not ladybird deed causes Medicaid penalty, check out the given page: http://www.mortgagefit.com/texas/ladybirddeed-medicaid.html .