What does it mean to fund a trust? Creating a trust is only half the job to creating a powerful estate plan.

A lot of people have heard of a Miller Trust (also known as a Qualified Income Trust or a QIT), but most people do not understand what they are used for. Miller Trusts can be a powerful tool for Medicaid qualification when used correctly.

When one spouse applies for Medicaid to help cover the cost of long-term care, the other spouse—known as the “community spouse protected...