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What Is a QIT?

A person must have a gross monthly income of no more than $2,382 in order to qualify for Medicaid assistance to pay for long-term care in New Jersey.  If a person has a gross monthly income that is greater than…

Special Needs Trust

A person must own less than $2,000 of resources in order to obtain Medicaid assistance to pay for long-term care.  Both federal and state laws prohibit an individual from gifting assets within five years of the Medicaid application in order…