Form 262 Medicaid Agency Approved Qualifying Income Trust Form - Alabama

What Is Form 262?

This is a legal form that was released by the Alabama Medicaid Agency - a government authority operating within Alabama. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 262?
A: Form 262 is the Medicaid Agency Approved Qualifying Income Trust Form in Alabama.

Q: What is a Qualifying Income Trust?
A: A Qualifying Income Trust, also known as a Miller Trust, is a legal tool that allows individuals to qualify for Medicaid long-term care benefits even if their income exceeds the allowable limit.

Q: Who is eligible to use Form 262?
A: Individuals in Alabama who have income above the Medicaid eligibility limit for long-term care services can use Form 262 to establish a Qualifying Income Trust.

Q: What is the purpose of Form 262?
A: The purpose of Form 262 is to establish and document the creation of a Qualifying Income Trust in order to qualify for Medicaid long-term care benefits.

Q: Are there any fees associated with Form 262?
A: There may be fees associated with the creation and administration of a Qualifying Income Trust. It is recommended to consult with an attorney or financial advisor for specific information and guidance.