Key Term: Lady Bird Deed.The termlady bird deedcomes from a fact pattern used by Florida attorney Jerome Ira Solkoff in his teaching materials. Solkoff used fictional characters to illustrate the use of this type of deed. One character was former United States President Lyndon Johnson’s wife...
But if, during the five years before you apply for Medicaid, you use a traditional life estate deed to avoid probate, the value of your home will be an included asset and you may be disqualified from Medicaid. This does not happen if you use a Lady Bird deed, because it is not consid...
Quick 15-minute attorney consultation and personalized. Avoid probate in Florida with a Lady Bird Deed and transfer real estate fast with a Quitclaim Deed.