A ladybird deed will not be recognized by New York Medicaid as having resulted in a lifetime transfer of real estate, and the granotr will be deemed to have a countable asset for purposes of New York Medicaid. Although the assets will not be subject to estate recovery after the granotr dies, since under Florida law it passes outside the probate estate, you must be careful NOT to submit a New York Medicaid applicaiton with a Florida property having been transferred by way of ladybird deed because in fact, such deeds convey absolutely nothing today. They are merely payable on death deeds, meaning the grantor retains a full fee simple interest in the property which, for New York Medicaid will be consdeired an available and fully countable resource for Medicaid purposes.