Income-Only Trust Anyone?

By September 26, 2008Uncategorized

Myth: If my income is over $1,911, I can not get on ALTCS.

Truth: It is true that ALTCS has income limits. Currently, this amount is set at $1,911 but this number increases annually every January 1st. However, if one’s income is above this limit, an applicant can establish a Miller/Income-Only Trust and still be qualified for the same ALTCS program and benefits. 

Our next issue of Senior News will feature more information on Miller/Income-Only Trusts. To receive your own copy of Senior News click here.