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Do I Need A Qualified Income Trust For Medicaid? Are you trying to qualify for Medicaid but find your income just a bit too high? Understanding whether you need a Qualified Income Trust can make a big difference in your planning process. In this video, we explain what a Qualified Income Trust is and how it can help you access Medicaid benefits when your income exceeds the allowable limit. We cover the basics of setting up a trust, including legal requirements and the process of depositing excess income each month. You’ll learn how this tool works to help you qualify for long-term care services such as nursing home care or Home and Community-Based Services. We also discuss what happens to the trust after you pass away and why working with an elder law attorney is recommended to ensure everything is done correctly. If you’re concerned about your income level and Medicaid eligibility, this video provides essential information to guide your planning. Whether you’re considering Medicaid for yourself or a loved one, understanding the role of a Qualified Income Trust can help you make informed decisions. Watch now to learn more about managing income and securing the care you need. ⬇️ Subscribe to our channel for more valuable insights. 🔗Subscribe: https://www.youtube.com/@ElderLawGuru... #ElderLaw #MedicaidPlanning #QualifiedIncomeTrust #LongTermCare #ElderLawAttorney #MedicaidEligibility #AssetProtection #SeniorCare #MedicaidBenefits #LegalPlanning #TrustSetup #MedicaidRules #SeniorLegalAdvice #ElderCare #LegalHelp About Us: Welcome to the Elder Law Guru channel, your go-to source for vital information on elder law topics. Our focus is on estate planning, power of attorney, guardianship and conservatorship, Medicaid planning, long-term care options, elder abuse prevention, and the legal rights of seniors. We aim to provide clear and practical advice to help navigate these essential areas of law that affect seniors and their families.