I need a Qualified Income Trust to qualify for Medicaid? What steps are involved? - Hurley Elder Care Law | Georgia's #1 Certified Elder Law Attorney

I need a Qualified Income Trust to qualify for Medicaid? What steps are involved?
May 2, 2023
POSTED IN: Medicaid PlanningTAGS: Georgia Medicaid, Medicaid, Qualified Income Trust (QIT)
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Have you recently discovered it is necessary for you or a loved one to put a Qualified Income Trust (QIT) in place to qualify for Medicaid? We introduced the reasons for a QIT in last weeks blog, but lets dig a little deeper on the steps involved.First, the QIT must be established.The QIT is a trust document that may be executed by any of the following individuals:The Medicaid Applicant/Recipient can sign the trust, but they may not be theThe Medicaid Applicant/Recipients court appointed guardian or conservator can sign the trust and/or serve as trustee.The Attorney-in-fact, or Power of Attorney agent, can sign the trust and/or serve as trustee.Please note: The Nursing Home may serve as trustee but CANNOT establish a trust.Do you have your documents in order?This is a great time to ensure that any Power of Attorney documents you have will grant you the proper authority you need to assist your loved one in this process.Are you aware of the specific powers granted in your Power of Attorney? Or maybe you dont even have this essential document in place.

It is important to attach any legal documents that establish your authority to handle affairs for the Medicaid Applicant to the QIT when you submit this document to your DFCS caseworker.Hurley Elder Care Law is happy to walk you through this process.Next, the QIT must be properly funded and disbursed.After the QIT document has been signed, the trustee should visit a local bank to set up a checking account for the trust.The trustee must deposit a portion of the Medicaid recipients income into the trust each month for the recipient to remain Medicaid eligible.

It is wise to seek guidance from an elder law attorney familiar with the QIT rules to obtain guidance on using the trust correctly and following its stringent rules.Improper funding or payments from the trust could jeopardize the Medicaid recipients eligibility.These mistakes can cost you time and money.

When it comes to the QIT, it is good practice to understand the requirements before acting.Hurley Elder Care Law attorneys can review your situation and instruct you on the proper use of your QIT.Please contact us to schedule an appointment so you can feel confident in your path forward.
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Posted in Medicaid PlanningTags: Georgia Medicaid, Medicaid, Qualified Income Trust (QIT)

Posts navigation What is a Qualified Income Trust (QIT) and do I need one for Medicaid eligibility?
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This is the 2nd time I have used Hurley Elder Care Law firm.They are a very professional group.You...

read moreThis is the 2nd time I have used Hurley Elder Care Law firm.They are a very professional group.You get a free one hour meeting to discuss your needs, and then decide whether or not they can help you.

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The best! Worth every penny! read lessConnie Washburn2/07/2023Engaging Hurley Elder Care Law was the best thing I did when undertaking responsibility for the care of my sister...read moreEngaging Hurley Elder Care Law was the best thing I did when undertaking responsibility for the care of my sister with dementia.The staff there is amazing and guided me through the complexities of selecting a nursing home and the daily issues surrounding care.

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read lessEd Reed1/04/2023I would like to thank the Hurley Elder Care Law Firm for getting my cousin approved for Medicaid! My experience...read moreI would like to thank the Hurley Elder Care Law Firm for getting my cousin approved for Medicaid! My experience with Hurley Elder Care Law exceeded my expectations! The entire team was courteous, caring, knowledgeable, responsive, and professional.From my initial meeting with Miles Hurley to review my cousin's case, my anxieties were over.

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If you feel lost and don't know exactly what you are doing, and it's very difficult getting through or working with DFACS, I encourage you to reachout to The Hurley Firm.The Hurley Elder Care Law Firm Team provided me full service, and I am highly recommending them without any reservations.read lessRonnie Kitchens12/31/2022Hurley Elder Care helped my and husband and me to update our Wills and our Healthcare Powers of Attorney at...

read moreHurley Elder Care helped my and husband and me to update our Wills and our Healthcare Powers of Attorney at a time that was most difficult for us.We were moving to a senior High Rise and we both have health issues.Our wills and HPA were very outdated and we had no idea where to turn.

Hurley was highly recommended to us by a respected professional, and we immediately made an appointment.They helped us navigate a lot of complicated material and within a matter of weeks, sent us a completed and updated Will and HPA in a durable notebook, with everything beautifully taken care of! They are the very BEST! read lessMarianne Craft12/04/2022Could not have asked for a better experience with Hurley Elder Care Law! From our initial consultation with Grace Suchy...read moreCould not have asked for a better experience with Hurley Elder Care Law! From our initial consultation with Grace Suchy to the amazing year-round support from Paul Abrahamson, we were always in good hands.

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Highly recommend! read lessLynn Garber11/02/2022The team at Hurley Elder Care Law has been top notch throughout the entire process.From our initial meeting...read moreThe team at Hurley Elder Care Law has been top notch throughout the entire process.

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It has been quite the undertaking, and mom and I speak often of how glad we are that we made the right decision in hiring Hurley Elder Care Law.read lessKeeton Hughes10/26/2022Recently had wills n powers of attorney done by miles hurley.Two visits n everything was perfect.

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read moreThey answered my questions promptly and were reasonably priced for what I needed in comparison to some of the other attorneys I checked.They made all the arrangements to take care of the situation I had and did it in a profession and timely manner.I would refer Hurley Elder Care Law to anyone that needs assistance with getting their older parents affairs in order.They answered my questions promptly and were reasonably priced for what I needed in comparison to some of the other attorneys I checked.They made all the arrangements to take care of the situation I had and did it More read lessJ Rod5/19/2022They answered my questions promptly and were reasonably priced for what I needed in comparison to some of the other...read moreThey answered my questions promptly and were reasonably priced for what I needed in comparison to some of the other attorneys I checked.They made all the arrangements to take care of the situation I had and did it in a profession and timely manner.I would refer Hurley Elder Care Law to anyone that needs assistance with getting their older parents affairs in order.read lessJ Rod5/17/2022My wife needed to find a Nursing home because her Parkinsons disease had reach a point that she could no...

read moreMy wife needed to find a Nursing home because her Parkinsons disease had reach a point that she could no longer be cared for at home.I contacted Hurley Law from a list of Elder Law care firms.They quickly put my mind at ease about the frighting cost of Nursing home care.

the folks at Hurley were very professional but also caring, understanding my fear and feelings.I would gladly recommend Hurley Elder Care Law if you found yourself in need of help of this nature.My wife needed to find a Nursing home because her Parkinsons disease had reach a point that she could no longer be cared for at home.I contacted Hurley Law from a list of Elder Law care firms.They quickly put my mind at ease about the More read lessHubert Colman5/16/2022My experience at Hurley Elder Care Law was wonderful! I was itilally terrified and had no knowledge of how to...

read moreMy experience at Hurley Elder Care Law was wonderful! I was itilally terrified and had no knowledge of how to get Medicaid for my mother.Mr.Hurley and Kalin made everything easy to understand, they were very professional and down to earth at the same time.

They were truly GOD sent for me.If you ever need Elderly service, please don't hesitate to use their firm.I left their office feeling relieved and happy I choose the firm.

Sharonia GilliamMy experience at Hurley Elder Care Law was wonderful! I was itilally terrified and had no knowledge of how to get Medicaid for my mother.Mr.Hurley and Kalin made everything easy to understand, they were very professional and down to earth More read lessSharonia Callum5/16/2022My wife needed to find a Nursing home because her Parkinsons disease had reach a point that she could no...

read moreMy wife needed to find a Nursing home because her Parkinsons disease had reach a point that she could no longer be cared for at home.I contacted Hurley Law from a list of Elder Law care firms.They quickly put my mind at ease about the frighting cost of Nursing home care.

the folks at Hurley were very professional but also caring, understanding my fear and feelings.I would gladly recommend Hurley Elder Care Law if you found yourself in need of help of this nature.read lessHubert Colman4/25/2022My wife needed to find a Nursing home because her Parkinsons disease had reach a point that she could no...read moreMy wife needed to find a Nursing home because her Parkinsons disease had reach a point that she could no longer be cared for at home.

I contacted Hurley Law from a list of Elder Law care firms.They quickly put my mind at ease about the frighting cost of Nursing home care.the folks at Hurley were very professional but also caring, understanding my fear and feelings.I would gladly recommend Hurley Elder Care Law if you found yourself in need of help of this nature.

read lessHubert Colman4/22/2022My experience at Hurley Elder Care Law was wonderful! I was itilally terrified and had no knowledge of how to...read moreMy experience at Hurley Elder Care Law was wonderful! I was itilally terrified and had no knowledge of how to get Medicaid for my mother.Mr.

Hurley and Kalin made everything easy to understand, they were very professional and down to earth at the same time.They were truly GOD sent for me.If you ever need Elderly service, please don't hesitate to use their firm.

I left their office feeling relieved and happy I choose the firm.Sharonia Gilliam read lessSharonia Callum4/21/2022











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