Using a Texas Miller Trust to Protect Excess Income
In order to qualify for Medicaid benefits, you must be able to prove that you do not have any excess income. When you look at your monthly budget, you might believe there is no way the government could think you have "excess income." However, if your monthly income is greater than $2,000, you may not qualify for Medicaid. If that is the situation you face, a Miller Trust may be the most effective way to preserve your assets and help you qualify for the financial assistance you need.
A Miller trust, also called a qualifying income trust, is a set of instructions that is applied to your checking account. Any income over the monthly cap is diverted to the trust to preserve your Medicaid eligibility.
The Livens Law Firm works with individuals throughout Dallas-Fort Worth to create Miller Trusts to protect the assets of individuals who need financial assistance. When you contact our firm, we can help define your goals and create a plan to protect your finances. Our Dallas Medicaid Miller trust lawyer can help you find the financial plan you need.
Contact an Experienced Fort Worth Qualifying Income Trust Lawyer
Before you make any decisions about spending down your hard-earned savings or giving your finances to your loved ones, discuss your options with our team. We can help you determine the most effective way to protect your assets. Contact us online or call 800-569-2663 to schedule your free initial consultation with an experienced attorney.