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Qualified Income Trust Texas Template  Form

Qualified Income Trust Texas Template Form

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Instructions and help about Qualified Income Trust Texas Template

welcome to the o'connor elder law channel i'm your host melissa o'connor i'm a florida-based elder law attorney who does estate planning focusing on long-term care needs and i do probate and i do it well today i wanted to talk to you about how to use a qualified income trust also referred to as a miller trust and these trusts are used for people who seek to qualify for medicaid but are otherwise over income to qualify for medicaid in florida um the applicant can only receive income in the amount of two thousand five hundred twenty three dollars as of 2022 and so if between their pension and their social security their income is more than that then we can use a qualified income trust um to place the excess income in so that way they can still qualify for medicaid so for example if the medicaid applicant had an income of 2 550 a month between their social security and their pension that extra 27 a month can be placed in this quit or this qualified income trust so therefore they are no l

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