Transcription of Frequently Asked Questions (FAQs) - State
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Frequently Asked Questions (FAQs) - State
Page 1 of 12 NJ FamilyCare Aged, Blind, Disabled Programs State OF NEW JERSEY Department of Human services Division of Medical Assistance and Health services Qualified Income Trust (QIT) Frequently Asked Questions (FAQs) Updated March 2018 1. What is a Qualified Income Trust (QIT)? A Qualified Income Trust (QIT), also known as a Miller Trust, is a special legal arrangement for holding a person s income. A QIT is a written trust agreement for which th e trustee establi shes a dedicated bank account.
Department of Human Services Divisionof Medical Assistanceand HealthServices . Qualified Income Trust (QIT) Frequently Asked Questions (FAQs) Updated March 2018 . 1. What is a Qualified Income Trust (QIT)? A Qualified Income Trust (QIT), also known as a Miller Trust, is a special legal arrangement for holding a person’s income.
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