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rubyclaire1

Qualified Income Trust (Miller Trust) - Experiences?

rubyclaire
3 months ago
last modified: 3 months ago

We are investigating the possibility of setting up a Qualified Income Trust for my FIL. He falls into that gap of having too much money to qualify for Medicaid and not enough to pay for his healthcare needs. He has dementia and cardiac issues. He is currently living in a memory unit in an ALF. It is becoming evident that he may need a skilled nursing facilty in the near future.

While we have an appointment with a very experienced attorney in our area next week, I am interested in hearing any "real life" expereinces with these types of trusts.

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