QUALIFIED INCOME (MILLER) TRUSTS
When a person’s income is too high to qualify for Medicaid, it can feel like a frustrating dead end. But in Tennessee and other income-cap states, there’s a strategic legal tool designed specifically for this problem: the Qualified Income Trust, also known as a Miller Trust.
At Parks, Bryant & Snyder, PLLC, we help families use Miller Trusts to gain Medicaid eligibility without depleting their savings or forfeiting essential care. Our attorneys simplify the process so you can make informed decisions with peace of mind.
A SOLUTION FOR EXCESS INCOME
Tennessee has strict monthly income limits for Medicaid long-term care coverage. Even a few dollars over the limit can disqualify an applicant. A Miller Trust allows individuals to direct that excess income into a dedicated trust account, which can then be used to pay for care-related expenses — keeping eligibility intact.
We’ll help you:
- Draft and execute a legally valid Miller Trust
- Understand which types of income should be redirected
- Navigate trust administration and compliance
- Ensure Medicaid eligibility is preserved
Setting up the trust properly is crucial. With decades of experience, our team ensures all paperwork and compliance steps are handled with care and accuracy.
WHAT A QUALIFIED INCOME TRUST ADDRESSES
Using a Miller Trust can help:
- Meet Medicaid income limits for nursing home or assisted living coverage
- Redirect excess income without violating eligibility rules
- Ensure regular, allowable payments to care providers
- Comply with federal and Tennessee-specific Medicaid requirements
- Provide a structured approach to managing income without sacrificing care access
Trust setup and funding rules are strict — working with a qualified attorney can prevent costly errors or rejections.
GET THE COVERAGE YOU DESERVE
If income is standing between you and critical long-term care, a Qualified Income Trust may be the key. Parks, Bryant & Snyder will walk you through each step — ensuring compliance, clarity, and confidence in your future.