I am interested if anyone knows about the Lady Bird Deed? I don't need it right now but it was a concern when we were making out my husbands will. We were discussing with our lawyer should he need Medicaid assistance in going into a nursing home facility that we could protect our assets with this so called Lady Bird Deed. It is not actually a law on the books, per se, but it is a way of preventing you from having to spend down or lose some of your assets. You can see that I am clearly not as informed about this subject as I would like to be and would like to know if there was anyone out there who could explain this nebulous concept to me a little bit better. From what I understand, it has something to do with being able to gift your house to your spouse or someone else and still qualify for Medicaid and not to have to go through divorce or hiding your assets or spending down to nothingness. Can anyone help?