Miller Trusts in Texas: Why Timing Is Important A misunderstood ideas is about the best time to set up a Miller Trusts to become eligibility for benefits. Anyone who applies for Medicaid and has a gross monthly income over the limit (for 2019, $2,313) won’t qualify without a properly funded Qualifying Income Trust (the formal […]
A Miller Trust solves only one problem when applying for Medicaid: ensuring Medicaid income eligibility when a person applying for Medicaid has too much income. This type of trust is not useful for any other reason. A Miller Trust cannot protect assets and does not allow you to shelter excess money. If a person applying […]
If you plan to open a Miller trust bank account, you need to understand how these types of accounts differ from traditional bank accounts. Difference #1: The bank accounts opened to fund a miller Trust operate more like a “representative account” for the payment of disabled person’s expenses rather than a typical asset-type trust account. […]
Protect Your Assets & Your Loved Ones in Texas Probate When you pass away, the people you leave behind will have much to deal with. If you do not leave a written Will, they may be faced with an expensive administration of your estate with a judge deciding how to divide your estate. By creating […]
Free Medicaid Guide A free “cheat sheet” for nursing home staff who get asked about Medicaid eligibility rules. Used by scores of Houston area nursing homes. Save time explaining Medicaid eligibility rules. Instantly understand new Medicaid rules and help families at the same time. Get Finger Tip Access to Medicaid’s Latest Eligibility Limits Save […]
Set Up Online Access to Medicaid: 8 Quick Steps to Success You’ll find the steps to setting up an account on YourTexasBenefits.com to be straight forward. This simple tutorial takes you quickly through each of the steps. Step 1 – Access Medicaid’s portal website Navigate to YourTexasBenefits.com Step 2 – Create a new account […]
Medicaid Nursing Home Services in Harris County, Texas You can qualify for financial help to pay the high cost of Texas Medicaid approved nursing homes. But, it’s important to know how Medicaid and a nursing facility work before you start working on the application. No matter how you slice it, Texas skilled nursing facilities are expensive. *How much […]
Miller Trust bank accounts are not the same as traditional bank accounts. Here’s why: The bank accounts opened to fund a Qualified Income Trust (the technical name for a Miller Trust) operate more like a “representative account” for the payment of a disabled persons expenses. It is not a typical asset-type trust fund. They are […]
If your spouse or elderly family member lives in a nursing home or likely to enter a one soon, you may have the option to: Shrink (and in some cases completely stop paying) your nursing home bills Preserve the life savings you’ve worked a lifetime to accumulate Increase the amount of money you keep Provide […]
