Does Lady Bird Deed have a 5-year rule for Medicaid purposes?

Does Lady Bird Deed have a 5-year rule for Medicaid purposes?
In this episode of Berry's Bites, Chris Berry answers the question: I have a Lady Bird Deed (I'm in MI and did this 3 years ago) and my understanding is that you still have to do it 5 years before you receive Medicaid, just like a Trust. Is that incorrect?
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Certified Elder Law Attorney and Certified Financial Planner Christopher Berry of Castle Wealth Group answer questions on retirement and estate planning every Wednesday at 1pm. Register here bit.ly/2VaojOK... or give our office a call at 844-885-4200.
Castle Wealth Group and Christopher Berry help families with estate planning, elder law, retirement planning, and tax planning from their Brighton, Ann Arbor, Livonia, Bloomfield Hills, and Novi offices.
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