A plain-English overview of the Qualified Income Trust (QIT) — also called a Miller Trust — the irrevocable trust used to qualify a long-term-care Medicaid applicant whose monthly income is over their state's limit (42 U.S.C. § 1396p(d)(4)(B)). Covers why...
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A plain-English overview of the Qualified Income Trust (QIT) — also called a Miller Trust — the irrevocable trust used to qualify a long-term-care Medicaid applicant whose monthly income is over their state's limit (42 U.S.C. § 1396p(d)(4)(B)). Covers why states use different names for it, which states require one, typical attorney cost, how it differs from a Medicaid Asset Protection Trust and the 5-year look-back, plus a general checklist for the bank-account step. Free, informational guide — not legal advice. Published by Miller Trust Guide: https://millertrustguide.com/?utm_source=calameo&utm_medium=referral&utm_campaign=overview-bank-checklist
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