Lady Bird Deed Florida Medicaid. While a Lady Bird Deed may be the ideal solution to protecting your home there are important caveats to using this strategy the most crucial being that it is only possible in the three states Florida Michigan and Texas that explicitly allow it and do not have an expanded definition of estate that accounts for this kind of deed transfer. If you create a Florida lady bird deed to the extent it is your homestead it should not affect your Medicaid eligibility.
Medicaid benefits are intended for people who cant otherwise pay for their medical care. Lady Bird Deeds provide important Medicaid planning opportunities for Florida homeowners that may need nursing home or other long-term care. But strictly speaking lady bird deeds are not going to help someone become eligible for Medicaid in Florida or anywhere else for that matter.
Because the original ownerlife tenant retains the right to use the property the lady bird deed should not affect his or her ability to qualify for Medicaid.
Lady bird deeds can also help with Medicaid recovery. While a Lady Bird Deed may be the ideal solution to protecting your home there are important caveats to using this strategy the most crucial being that it is only possible in the three states Florida Michigan and Texas that explicitly allow it and do not have an expanded definition of estate that accounts for this kind of deed transfer. But strictly speaking lady bird deeds are not going to help someone become eligible for Medicaid in Florida or anywhere else for that matter. Unlike Florida quitclaim deed forms or warranty deed forms Lady Bird Deeds do not disqualify you from receiving Medicaid benefits you would otherwise receive.