Follow
Share

Mom has been in SNH for a year and a half. She has dementia now and is insulin diabetic. It became impossible for her to regulate her insulin and almost died. After being in the hospital, since we work full time, she went from rehab to the nursing home. I would love to take care of her but we need to work. She has no mortgage, but I am paying for most all the upkeep on the house except for the electric bill, (I am POA)and her ssi is paying for her stay in the SNH, at least until I can care for her myself. I’m hoping one day to retire, but If I can’t and she remains in the SNH until she passes, will Medicaid take all the proceeds from the sale of the home when it is sold. She has a ladybird deed and the home passes to me when she passes.

This question has been closed for answers. Ask a New Question.
I didn’t know what a ladybird deed was , so I googled this… but I definitely would see an appropriate attorney..

Using a Lady Bird Deed for Medicaid Planning
A lady bird deed can be a useful tool in Florida for people who qualify for Medicaid and who are concerned that the government will be able to take non-homestead properties after their death.
In Florida, a person’s homestead is protected from creditors with very few exceptions. Medicaid cannot look to the homestead for collection.
However, Medicaid can collect from non-homestead properties the amounts paid for care during the owner’s lifetime. Medicaid can assert a claim against assets in a person’s probate estate. A lady bird deed transfers property after death outside probate so the property is not part of the decedent’s probate estate upon death. In this way, non-homestead properties are kept out of the probate estate and are protected from collection by medical claims or any other creditors after the property owner’s death.
Helpful Answer (1)
Report

I agree, see an Elder Lawyer well versed in Medicaid. This gets very sticky when this type of thing is involved. Its a life estate. Has the house been turned over to you with Mom being allowed to stay until her death?

Who is on the deed. Whose name is on tax bill. That's who owns it IMO. Did you list it as Moms asset?
Helpful Answer (0)
Report

I'm not sure of the rules in Florida. It may be best if you asked a local certified elder care attorney, or maybe your local Agency on Aging.
Helpful Answer (1)
Report

This question has been closed for answers. Ask a New Question.
Ask a Question
Subscribe to
Our Newsletter