Qualified Income Trust Sample Contracts

THE QUALIFIED INCOME TRUST
Qualified Income Trust • April 21st, 2020

This Qualified Income Trust Agreement, made by , hereinafter called the “Grantor” and , hereinafter with all successors collectively called the “Trustee”. The term Trustee, whether used in the plural or singular whether masculine or feminine in nature shall be interchangeable.

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MEDICALLY NEEDY/QUALIFIED INCOME TRUST
Qualified Income Trust • August 13th, 2019 • Georgia

WHEREAS, the Grantor desires to create an income-only trust to hold all of her income, but not her principal or capital assets, (all of said property being hereinafter referred to as the “Trust Estate”) for the purposes hereinafter set forth.

QUALIFIED INCOME TRUST
Qualified Income Trust • May 6th, 2014

FIRST: Trust Purpose. The purpose of this trust is to enable the Settlor, (also referred to herein as the "Beneficiary"), to qualify for Medical Assistance ("Medicaid"). In the administration of the trust, the Trustee shall do all acts necessary to establish and maintain the Beneficiary's eligibility for Medicaid.

IRREVOCABLE MEDICALLY NEEDY/QUALIFIED INCOME TRUST
Qualified Income Trust • August 15th, 2024

WHEREAS, the Grantor desires to create an income-only trust to hold all of her income, but not her principal or capital assets, (all of said property being hereinafter referred to as the “Trust Estate”) for the purposes hereinafter set forth.

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