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2. Can I Get Medicaid to Pay For My Long-Term Care Costs? - AOL

   www.aol.com/clever-strategy-long-term-care...

   A qualified income trust (or QIT) is a special form of trust designed to help people receive long-term care benefits under Medicaid. It is intended for people who make too much money to receive ...

3. How To Protect Your Assets From Medicaid - AOL

   www.aol.com/protect-assets-medicaid-140014737.html

   A qualified income trust is specifically designed to help people whose income is too large to qualify for local Medicaid means tests. A qualified income trust creates an account to which a high ...

4. Supplemental needs trust - Wikipedia

   en.wikipedia.org/wiki/Supplemental_needs_trust

   Supplemental needs trust is a US-specific term for a type of special needs trust (an internationally recognized term). [1] Supplemental needs trusts are compliant with provisions of US state and federal law and are designed to provide benefits to, and protect the assets of, individuals with physical, psychiatric, or intellectual disabilities, and still allow such persons to be qualified for ...

5. Grantor retained annuity trust - Wikipedia

   en.wikipedia.org/wiki/Grantor_retained_annuity_trust

   The Wealth Transfer Group owns a patent covering different methods for managing SOGRATs. A SOGRAT is a GRAT that is at least partially funded with stock options.The patent number is U.S. patent 6,567,790, and is entitled "Establishing and managing grantor retained annuity trusts funded by nonqualified stock options".

6. ABLE account - Wikipedia

   en.wikipedia.org/wiki/ABLE_account

   An ABLE account can be used instead of, or together with, a supplemental needs trust, to maintain a beneficiary's eligibility for SSI. Earnings from an ABLE account are exempt from federal income tax, and money spent from the account must be used for qualified expenses, such as education, housing, transportation, and job training. [1]

7. Trust Tax Rates and Exemptions for 2022 - AOL

   www.aol.com/news/trust-tax-rates-exemptions...

   A trust can then deduct from its income taxes the amount of any distributions it makes to qualified beneficiaries up to the total DNI. Bottom Line Trusts pay taxes on ordinary income and long-term ...