CONTACT

9200 Shelbyville Road, Suite #600. Louisville, Kentucky 40222 [email protected] (502) 326-5550
CONTACT US NOW

MILLER TRUST

A Miller Trust, also called Qualified Income Trusts, is an Irrevocable Trust that provides a way for Medicaid applicants who have income over Medicaid’s limit to become eligible for Medicaid long term care. In short, income over Medicaid’s limit, is put into a trust and therefore not counted as income, thus allowing the applicant to become eligible.

A Medicaid applicant allocates their monthly income which is in excess of the Medicaid income limit into a Qualified Income Trust and the applicant is permitted to qualify for Medicaid.

The person setting up the Income Diversion Trust (the grantor, also called a settlor) can be the Medicaid applicant, his/her guardian or power of attorney. A trustee, who manages the trust and follows the guidelines set forth by the trust, must be named. This person must be someone other than the Medicaid applicant, but can be a relative, such as an adult child. The state in which the Medicaid recipient will be receiving long-term care benefits must be named as the beneficiary, and upon the death of the individual, the state will receive any funds left in the Miller Trust for which it paid for that individual’s long-term care. The trust must be irrevocable, which means the trust cannot be altered or canceled.

MILLER TRUST

A Miller Trust, also called Qualified Income Trusts, is an Irrevocable Trust that provides a way for Medicaid applicants who have income over Medicaid’s limit to become eligible for Medicaid long term care. In short, income over Medicaid’s limit, is put into a trust and therefore not counted as income, thus allowing the applicant to become eligible.

A Medicaid applicant allocates their monthly income which is in excess of the Medicaid income limit into a Qualified Income Trust and the applicant is permitted to qualify for Medicaid.

The person setting up the Income Diversion Trust (the grantor, also called a settlor) can be the Medicaid applicant, his/her guardian or power of attorney. A trustee, who manages the trust and follows the guidelines set forth by the trust, must be named. This person must be someone other than the Medicaid applicant, but can be a relative, such as an adult child. The state in which the Medicaid recipient will be receiving long-term care benefits must be named as the beneficiary, and upon the death of the individual, the state will receive any funds left in the Miller Trust for which it paid for that individual’s long-term care. The trust must be irrevocable, which means the trust cannot be altered or canceled.

The information on this website is provided for informational purposes only, and should not be construed as legal advice.

Contact Us

“My husband passed away with no will. I really had no idea what I needed to do. Working with Mr. Stone and Nathan was so easy. They were quick to respond to my questions and concerns, and in a language I could understand. I would highly recommend them to anyone who has found themself in my position.”

Jan Youngblood

“I sent a request thru the virtual chat and received immediate response. They have been extremely helpful, attentive and professional. I have never had to do a Will or Durable POA. They explained everything in detail and was patient with my questions. I highly recommend them.”

Dana Brill

“Stone Legal Group assisted my husband and I with our estate planning. Thy are very professional and made the process very easy by explaining all of the documents and answering all of our questions. Great group to work with and would recommend to others.”

Kristi Fothergill

“I moved to KY in 2017 from out of state, forced to embark on the process of restarting my life after experiencing several stressful life events in rapid succession. Not knowing anyone in Louisville, I relied on resources like Google to help me select various providers, including an estate planner. While I entered into many of these new arrangements with my eyes wide open, I was really taken by how easy it was to work with the Stone legal team. They provide a graceful mix of trustworthy competence and a quick compassionate grasp of the complexities of my particular situation. They listen and have worked effectively with me to achieve what appears to be an optimum solution for the successful execution of my future estate goals. I feel fortunate to have them as partners in my life.”

Robert Hume

“These guys are exceptional. I would use them again and again for all my legal needs.”

Shaded Pixel
Stone Legal Group Reviews