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Texas State Meeting: Lady Bird and Transfer on Death Deeds

Recorded: August 10, 2017
Presented by John Ross, Esq., 
Ross & Shoalmire, LLP
Duration: 53 minutes

Join us for our first Texas State Meeting! This virtual event will feature John Ross, Esq. of Ross & Shoalmire, LLP, who will provide an overview of using Enhanced Life Estate Deeds (a.k.a. Lady Bird Deeds and Transfer on Death Deeds). Discussion will include a comparison of the pros and cons of each type of transfer tool along with how to combine a Lady Bird Deed with a Revocable Trust for maximum protection.

Topics Covered in Texas State Meeting: Lady Bird and Transfer on Death Deeds : 

  1. Texas Medicaid Rules
    • OBRA 1993 created MERP
    • Probate vs non-probate transfers
  2. Excluded assets under Medicaid
  3. Transfer of asset penalty
  4. Medicaid is not a lien
  5. Enhanced Life Estate aka Lady Bird Deed
  6. Transfer on Death Deed (TODD)
  7. Combining an Enhanced Life Estate with a Revocable Living Trust
  8. Questions

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