Quick Answer (The Bottom Line):  If an elderly parent shares a property deed with family members as joint tenants with rights of survivorship , they generally do not  need a Lady Bird deed to protect the property from Medicaid recovery after they pass away. However, simply adding family members to a deed to achieve this can trigger severe penalties with Medicaid's 5-year look-back period, potentially disqualifying them from receiving care during their lifetime. Here is a com