Posted on: 28th Oct, 2010 08:18 am
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? We live in the state of Mississippi
Hi barnes!
Welcome to forums!
A ladybird deed will help you in saving the property from Medicaid Recovery. However, the ladybird deed is not valid in every state. You should contact a real estate attorney and take his opinion in order to know whether or not the deed is valid in your state.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
A ladybird deed will help you in saving the property from Medicaid Recovery. However, the ladybird deed is not valid in every state. You should contact a real estate attorney and take his opinion in order to know whether or not the deed is valid in your state.
Feel free to ask if you've further queries.
Sussane