Need Assistance with Qualified Income Trust

Discussion in 'Off-topic' started by FrontSight, Nov 8, 2019.

  1. FrontSight

    FrontSight Well-Known Member

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    My brother has been admitted to a nursing home with dementia and I have been appointed his guardian by a Probate Court in Alabama. The facility told me that I must create a QIT to pay his annuity into. I am willing to pay. The facility is in Georgia
     
  2. gunsmoker

    gunsmoker Lawyer and Gun Activist

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  3. FrontSight

    FrontSight Well-Known Member

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    The money has to be used to pay the difference between Medicaid, Medicare and the cost of the nursing home which is $6,500 a month. Any left in the account upon his death is seized by Medicaid.
     
  4. NTA

    NTA Well-Known Member

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    Be glad the court did not require a bank 'safekeeping account' like one did to me. No banks offer them due to past lawsuits over mismanaging them.
     
  5. Wegahe

    Wegahe NRA Instructor

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    My brother in law is an elder law attorney in Birmingham. If you would like his contact info let me know.
     
  6. Savannah Dan

    Savannah Dan Cross-drawer

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    The facility may be right, but I would not trust them to know what is the best thing to do in your brother's case. I would contact a reputable attorney who specializes in Trusts. We just did a trust for my son last year, and there is a lot involved with it.