Life Estate Deed and Medicaid

by lavonna
(weatherford, tx usa)

Does a life estate deed protect heir from losing the home if parent goes into an assisted living facility in the state of Texas.

Comments for Life Estate Deed and Medicaid

Average Rating starstarstarstarstar

Click here to add your own comments

Oct 20, 2013
Rating
starstarstarstarstar
In Texas ....
by: Gabriel Heiser

Under the Texas Medicaid estate recovery program, only “probate” assets are subject to estate recovery for Medicaid payments made to a person in a nursing home when age 55 or older. (There are certain exceptions for those who were on Medicaid before March 1, 2005.)

Since a life estate passes outside of probate, such an estate is not subject to estate recovery in the state of Texas. However, note that many states such an interest in property IS subject to estate recovery.

Here is more information on estate recovery in Texas:

Estate Recovery in Texas.

Oct 20, 2013
Rating
starstarstarstarstar
thank u
by: Anonymous

Thank you so very much.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Medicaid Questions.



--by Beth Heikkinen
Marquette, Michigan
I just want to thank you for this site. It answered my questions. I think many people that do research on the net take it for granted and when they find what they are looking for they forget "someone put time, money, etc into providing me with this information."

Thank you!


Like This Site





Visit Our Social Media Pages

Become a Fan of Estate Planning Hub on Facebook Follow EstatePlanningHub on Twitter Follow EstatePlanningHub on Google+ Subscribe EstatePlanningHub Video on YouTube

Get a PDF version of this website and its sister site here.