The Estate & Asset Protection Law Firm Owner, Shannon Pawley writes about Miller Trusts which allows many whose incomes exceed Medicaid requirements to qualify for long-term care.

DECATUR, GA, November ••, 2023: Shannon Pawley, Owner of The Estate & Asset Protection Law Firm, has posted a new blog on the law firm’s website entitled “You May Qualify For Long-term Care Even If Your Income Exceeds Medicaid Requirements,” in which Ms. Pawley provides important information that can help many people.

“For a great many people,” Pawley states, “long-term care is too costly to pay for out-of-pocket. Likewise, long-term care insurance is beyond the reach of many.” Pawley notes, “While long term care is covered by Medicaid, it is not covered by Medicare. What many people are not aware of though, is that there are ways to qualify for long-term care through Medicaid even if your income is higher than the allowable threshold amount.” Pawley explains, “Depending on the state where you live, the method for qualifying varies in name. In Georgia it is commonly called a Miller Trust or a Qualified Income Trust (QIT). Other terms include Income Diversion Trust, Income Cap Trust, and Irrevocable Income Trust.”

Pawley elaborates, “With a Miller Trust, any income you earn over, and above Medicaid’s strict income requirements is put into an irrevocable trust and is no longer considered income. This provides a way for Nursing Home Medicaid and Medicaid Waiver applicants who have income over Medicaid’s limit to become income-eligible for Medicaid long-term care and other long-term home-based care services.”

The entire blog can be read by CLICKING HERE

About The Estate & Asset Protection Law Firm

The Estate & Asset Protection Law Firm was established to serve the legal needs of retiring citizens. The Firm focuses its entire practice on providing strategies to protect independence, privacy, assets and taxes from the government. Shannon Pawley has grown her law practice by providing excellent customer satisfaction with personalized wealth protection plans.

About Shannon M. Pawley, J.D., LL.M

As the owner of The Estate & Asset Protection Law Firm, Shannon M. Pawley and her entire team share a passion which focuses on being able to serve the legal needs of retiring individuals. In our firm, WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace. Born and raised in the Tidewater area of Virginia to a tightknit family with strong military service roots, Shannon learned from an early age the value of hard work and the importance of social awareness to ensure you always leave a situation in a better place than how you entered it. In her junior year of high school, Shannon served as U.S. House of Representatives Page during the 101st United States Congressional Session in Washington, D.C. This experience exposed her to numerous new cultures and worldly issues. Walking away from her experience as a U.S. House of Representative Page, Shannon knew that she wanted to pursue legal studies and be able to assist others in obtaining the best results available in difficult situations.

Shannon earned her undergraduate degree at North Carolina Wesleyan College and pursued a law degree from Michigan State University College of Law. After obtaining her law degree and becoming a licensed attorney in Michigan, she continued her educational pursuit by acquiring a LL.M. (Master of Law) in Taxation from Wayne State University. After moving to Georgia in 2018, Shannon obtained her Georgia law license and has enjoyed being able to pursue her desire of ensuring persons are able to age with dignity, grace and independence.