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and I am assuming your mother can not qualify for the home loan on her own?
can you send me a copy of the deed?
A Texas Lady Bird Deed—also known as Enhanced Life Estate Deed—is a Life Estate Deed coupled with the power to sell, convey, or mortgage the real estate without the remainder beneficiary’s consent.
Lady Bird Deeds provide all benefits of traditional Life Estate Deeds: They allow the current owner to retain a life estate interest and pass the property to the remainder beneficiaries without going through probate. But unlike traditional Life Estate Deeds, Lady Bird Deeds do not create an irrevocable interest in the remainder beneficiaries.
With a Lady Bird Deed, the owner/life tenant reserves:
The reservation of these rights distinguishes Texas Lady Bird Deeds from traditional Life Estate Deeds. A Texas Lady Bird Deed provides all benefits of a traditional Life Estate Deed without forfeiting control over the property.
what she would be giving up potentially...
Texas Lady Bird Deeds provide several important benefits that distinguish them from other Texas deed forms:
transferring the property is not going to affect her Medicare per se. The only issue will be if she passes away within the look back period then Medicare may look for payment of it's bills, if any. The Lady Bird prevented that from happening but if it is transferred to you it could be exposed.