Medicaid Income Qualifying Trust (MIQT)

If a person’s monthly income exceeds the limit to qualify for Medicaid, an MIQT can be created to retain all excess income in Trust. In order to qualify as an MIQT, the Trust must be irrevocable, declare the State will receive all funds remaining in the Trust at the time of the decedent’s death (up to the amount of Medicaid benefits paid on their behalf), consist of their income only and be signed and dated by the person, their spouse, or a person who has legal authority to act on their behalf or who is acting at their request or the request of their spouse.

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