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  • A qualified income trust-the Miller Trust as it is known-is an irrevocable trust that distributes your income to you in a way that does not disqualify you from Medicaid. Medicaid is a welfare-based government benefit that pays for skilled nursing care. You must meet Federal and State guidelines as to wealth (or, more accurately, the lack of it) to qualify for Medicaid. Certain assets count and certain assets do not count as part of your wealth. Income also is a factor in qualifying for Medicaid. If you have an income too high to qualify for Medicaid, you may want to consider a Miller Trust. Your Caring Law Firm can help evaluate your situation to determine if this is the right vehicle for your needs.

        Family Limited Partnership (FLP)
        Limited Liability Company (LLC)
        Family Limited Liability Company (FLLC)
        Professional Liability Company (PLC)
        IRA Trust
        Special Needs Trust
        Medicaid Asset Protection Trust
        Qualified Income Trust
        Irrevocable Life Insurance Trust


     


    Your Caring Law Firm
    610 S. Maitland Ave.  Maitland, FL 32751
    (407) 622-1900

    Monday through Friday
    8:30 a.m. to 5:00 p.m.