Understanding Qualified Income Trusts in New Jersey - Christine Matus

From Matus Law Group – Understanding Qualified Income Trusts in New Jersey explores how families navigating long-term care planning can utilize Qualified Income Trusts (QITs) to meet Medicaid eligibility requirements. This episode walks listeners through the critical role QITs play in estate planning when income levels exceed the Medicaid cap, especially in New Jersey, where these trusts are an essential tool for seniors seeking assistance with nursing home or at-home care.

For many New Jersey residents, the financial threshold for Medicaid can pose a significant obstacle. A QIT provides a legal mechanism to redirect income into a special trust, allowing individuals to qualify for vital long-term care services despite technically earning too much. In this podcast, we break down the practicalities of setting up a QIT, the irrevocable nature of the trust, and the importance of ensuring it is properly drafted and administered in compliance with state rules.

Listeners will learn how QITs interact with other elements of estate planning and why timing is crucial. The episode offers guidance on key components like naming the State of New Jersey as the trust’s beneficiary and appointing a reliable trustee to manage disbursements. These insights are especially relevant for families hoping to preserve assets while securing care for a loved one.

Whether you're caring for an aging parent or planning your own future, this episode will help you better understand the strategic use of Qualified Income Trusts in New Jersey. The Matus Law Group delivers valuable, compassionate advice designed to help families make informed decisions during some of life’s most challenging transitions.

Matus Law Group

81 E Water St #2C, Toms River, NJ 08753, United States

(732) 281-0060

https://www.google.com/maps?cid=6876392708092026946