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The past 2 weeks my blog posts have covered QITs.  Last week I told you about a case in which the trustee initially transferred the correct amount to the QIT, the Medicaid recipient’s entire monthly Social Security, however, when that amount increased because of the cost of living adjustment, the trustee

In my post last week I revisited a Medicaid topic that I am frequently asked about - qualified income trusts.  An applicant’s income that exceeds Medicaid’s strict monthly income cap ($2382 in 2021) must deposit some of that income into a QIT before then sending it where it must go according

I last wrote about qualified income trusts (QITs)last September but I want to revisit the topic because of 2 recent applications in our office in which the trustee failed to follow the very specific requirements that the State of New Jersey has imposed. It has often happened that people call our

In last week’s second part of my post, I laid out some basic strategies for couples who, while still legally married and living together, view themselves as separated or divorced.  Unfortunately in the eyes of Medicaid you aren’t divorced unless you’ve got the Judgment of Divorce to prove it. When I tell

Last week I wrote about the recent calls we’ve received regarding couples in unhappy marriages where one spouse now needs care.  Even though they may have kept their finances separate for many years, under Medicaid rules the healthy spouse’s assets will be counted as well as the ill spouse’s assets when

Divorce rates in America have steadily risen for years and much has been written about it.  There are, however, many more couples in unhappy marriages who for varied reasons did not go the divorce route.  For some, it may have been about being more comfortable with the life they know vs. the

Last month Congress and President Trump finally agreed to additional stimulus checks to be sent to Americans in need during the current pandemic.  This is the second such round of payments since the COVID crisis hit.  There are some differences, however between this second payment and the first. The most important change is