Recent Articles

Follow Us
  >  Posts tagged "QIT"

In my February 22 post I wrote about QITs and specifically about a case involving an application being denied because the QIT was improperly funded.  In that case my client established the QIT just before the pandemic and funded the QIT correctly in the first month but not in the several

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 my post last week, I started to tell you about how tricky it can be when applying for Medicaid benefits while currently receiving VA Aid and Attendance benefits, a non service connected pension available to certain wartime veterans and their widowed spouses. While it is not taxable income for tax

We have many clients who first qualify for the VA Aid and Attendance benefit to help pay for their long term care and then when their remaining assets are spent down, they must apply for Medicaid.  As I have written about previously, Medicaid has a strict income cap ($2349 in 2020).  If

                Last week I said I would share with you my experiences filing applications with Qualified Income Trusts (Miller Trusts) which are required when an applicant has income over Medicaid’s  strict income cap ($2199 for 2015).                 The rules are very technical.  Income can’t be split.  If I receive $1500 from