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Iowa Miller Trust Form

Iowa Miller Trust Form

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if you've been doing your research on how to qualify for a medicaid long-term care benefit or if you've spoken to an elder law attorney you will have undoubtedly come across the term miller trust this is also known as a qualified income trust it's also known as a d4b trust but miller trust qualified income trust d4b trustees are all different names for the same exact thing so what is a miller trust well you have to understand that florida is what's known as an income cap state if you're applying for medicaid's icp your long-term care benefits and you earn more than 2199 a month you do not pass the income test well what the florida legislature has decided to do they recognize that there are plenty of people who earn more than two thousand one hundred and ninety nine dollars and a yet not all those people ought to be denied medicaid and so what they make you do is create this miller trust and filter your income through it anything above 2199 has to pass through this miller trust or quali

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