A trustor is the person who creates a trust. A trustor is also called a grantor, donor or settlor. A trust is a separate legal entity that holds property or assets of some kind for the benefit of a specific person, group of people or organization known as the beneficiary/beneficiaries.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
Funds in a Miller Trust can only be used for qualified expenses like medical care or nursing home costs. It's like having a special piggy bank that can only be cracked open for certain needs.
Generally, any income that exceeds the state's Medicaid limit can be deposited into a Miller Trust. Think of it as earmarking those extra dollars for your future care.
You can create a Miller Trust by working with an attorney who specializes in elder law or estate planning. They'll help you navigate the waters and ensure everything's in order.
To set up a Miller Trust, you typically need to have income above the Medicaid limit and meet certain eligibility criteria. It's about hitting the right notes to stay in tune with the rules.
Anyone who has too much income to qualify for Medicaid but needs assistance with long-term care can benefit. It's like finding a life raft when you thought you were sinking!
A Miller Trust is a special type of trust that helps individuals qualify for Medicaid by allowing them to set aside excess income. Essentially, it lets you keep your head above water while getting the care you need.
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Gilbert Arizona Formularios Miller Trust para Medicaid