Qualified Income Trust
Frequently Asked Questions About QITs
Have question about a Qualified Income Trust? Take a look at the FAQ or reach out anytime. If you’re feeling ready, go ahead and reach out.
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A Qualified Income Trust (QIT) allows a person whose monthly income exceeds Medicaid’s eligibility limit to qualify for long-term care Medicaid benefits in a nursing home or through a waiver program like STAR PLUS.
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“Miller Trust” is just another name for a Qualified Income Trust. If you’ve been told you need a Miller Trust, you’re in the right place.
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No - a Qualified Income Trust is only for monthly income. You cannot place assets in the trust in an attempt to “spend down” or shield assets from Medicaid. The QIT is necessary only when a person’s monthly income exceeds Medicaid’s income limit.
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We will assess your situation, determine whether a QIT is necessary, and if so, draft the document and provide you detailed instructions and guidance for setting up the QIT bank account and passing income through the trust.
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As with all of our services, we provide a simple, flat-fee rate for QIT’s. You’ll never be charged for asking questions, or left wondering what the total bill will be.
Don’t Let Monthly Income Keep You From Qualifying for Medicaid
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The Qualified Income Trust Lawyers San Antonio Prefers
Navigating the complexities of Medicaid eligibility can be challenging. Bertsch & Boze Elder Law, PC, specializes in qualified income trust services, designed to help you qualify for Medicaid by properly managing your income through a qualified income trust. Our experienced attorneys provide knowledgeable, compassionate guidance throughout the entire process.
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What Is a Qualified Income Trust?
A qualified income trust, or Miller Trust, is an irrevocable trust established to hold a person's excess income to meet Medicaid's income requirements. This type of trust is a legal strategy used to ensure that individuals who overpass the income threshold can still receive Medicaid benefits. In the trust, income such as pensions, Social Security benefits, and other monthly incomes are deposited and managed according to strict guidelines to maintain eligibility for Medicaid.
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How to Know if You Need a Qualified Income Trust
If your monthly income exceeds the limits set by your state’s Medicaid program, a Qualified Income Trust may be necessary to qualify for benefits. This typically applies to individuals entering long-term care facilities or those who need Medicaid to cover home care or other medical costs. Setting up this kind of trust allows you to legally align your income with Medicaid standards, thereby securing essential health benefits.
