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Iowa Miller Trust Form

Iowa Miller Trust Form

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good morning this a dog and I'm seeing you welcome to ELP brief today we're going to talk about Miller Trust so the first thing is why would someone need a Miller trust if you're looking for Medicaid to pay for your long-term care in the nursing home there are several criteria that you need to meet and one of them is the income criteria what they do is they limit the amount of income you can have and they say if you have more than that amount of income technically you don't qualify however there is a way around that and that's the Miller trust so how do you use the Miller's rest well you the Miller Trust also known as the irrevocable income trust is a it is a trust but think of a box with no top no bottom all of a person's countable income goes in the top and it goes at the bottom each month to pay expenses allowed by DHS the DHS caseworker says what can be paid out of a Miller trust and when you qualify for Medicaid your income i

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