The settlor may or may not be the trustee of the trust. For example, if a mother decides to create a trust and names her daughter as the trustee, the mother is the settlor but not the trustee. It is common, however, for the settlor to serve as the trustee. There can be more than one settlor and more than one trustee.
http://info.legalzoom.com/difference-between-trustee-settlor-california-revocable-trust-22006.html
If your income is over the limit to qualify for Medicaid long-term care services (including. nursing home care), a Qualified Income Trust (QIT) allows you to become eligible by. placing income into an account each month that you need Medicaid. The QIT involves.
https://www.dcf.state.fl.us/programs/access/docs/qualified_income_trust_factsheet.pdf
Texas is what is known as an “income cap” state. In 2016, when an individual’s income exceeds $2,199, a Miller Trust (also called a Qualified Income Trust) is necessary to qualify for benefits. Only income is allowed to be placed in the trust. It is not designed to protect assets.
http://www.houstoneldercareattorneys.com/miller-trusts/what-is-a-miller-trust/
A settlor and a trustee are two distinct roles, although one person can serve in both capacities. A settlor creates the trust and can reserve important powers with respect to the trust. The trustee is obligated to manage the trust, in accordance with state law, after its creation and until the termination of the trust.
http://info.legalzoom.com/difference-between-trustee-settlor-california-revocable-trust-22006.html
Supplemental needs trust. A supplemental needs trust is a US-specific term for a type of special needs trust (an internationally recognized term).
https://en.wikipedia.org/wiki/Supplemental_needs_trust
Prepare your qualified income trust for nursing home care online here. An irrevocable qualified income trust, sometimes referred to as a Miller Trust or QIT, is a trust that is provided for by Florida Medicaid law for Medicaid eligibility, so that one can qualify for.
http://www.qualifiedincometrust.com/
from the trust to you will be counted as income to you. If you fail to make a deposit in any given month, or to deposit enough income you will be. ineligible for Medicaid payment of long- term care services for the month. As long you deposit income into the QIT account in the month it is received, it will not be.
https://www.dcf.state.fl.us/programs/access/docs/qualified_income_trust_factsheet.pdf
Miller Trust. A Miller. Trust can be used to qualify a Medicaid applicant with income in excess of the eligibility limit (not imposed in all states) for long-term care assistance from Medicaid. Such a trust is not really a special needs trust at all; it is not funded with the beneficiary's assets.
https://en.wikipedia.org/wiki/Supplemental_needs_trust
A Miller Trust is the legal means around that problem. Without one, any application for Medicaid nursing home financial assistance would be denied. Using a Qualified Income Trust is an effective solution to the problem of “too much income”, but the solution is clumsy.
http://www.houstoneldercareattorneys.com/miller-trusts/what-is-a-miller-trust/
Prepare Your Florida QIT Right Here, Right Now. The irrevocable Florida qualified income trust, or Miller Trust. that you prepare online, for a fixed fee of $295. The trust document is reviewed by Florida elder law attorney C. Randolph Coleman. Mr. Coleman has been a practicing attorney and member of The Florida Bar for over 30 years.
http://www.qualifiedincometrust.com/
definition for millers trust
A Miller Trust is the legal means around that problem. Without one, any application for Medicaid nursing home financial assistance would be denied. Using a Qualified Income Trust is an effective solution to the problem of “too much income”, but the solution is clumsy. A Miller Trust is the legal means around that problem. 