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INCOME CAP TRUST  Form

INCOME CAP TRUST Form

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welcome to the okar l-jalal channel i'm your host melissa o'connor I'm a Florida based elder law attorney that assists families with Medicaid planning and probate today I wanted to talk to you about qualified income Trust also known as Miller trusts many times I have potential clients or family members call my office telling me that they've been told that they need a Miller trust but they don't know what it is or exactly why they need it so I wanted to take this time to explain what a Miller trust is why you might need it and what it does so essentially this type of trust is a trust used by people to address excess income so if you are a person or your family member is a person who will need long-term care services of a nursing home facility and to be able to afford that care you will you want to qualify for Medicaid however you have too much income ing to the requirements to actually qualify for Medicaid so it's not about your assets it's not about things t

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