Q) My Mom is 92 and lives in assisted living home(memorycare) in NJ. She owns a home in Florida and has a Lady Bird Deed for this home. In Florida I’m told her home is exempt from an asset for Medicaid, does this apply if she is living in NJ?
A) Please consult a local attorney for legal advice and guidance. A ladybird deed should allow the house to pass to you at her death, without probate. However it is best to consult with a local attorney in NJ for legal advice on this issue.