Certified Senior Advisor (CSA) Practice Test

Question: 1 / 400

For what purpose can funds from a Miller Trust be distributed?

Payment to the nursing home.

The purpose of funds from a Miller Trust is primarily to pay for the care of an individual in a nursing home or similar facility. This type of trust is often established to allow individuals to become eligible for Medicaid while preserving some of their income. The funds deposited into a Miller Trust can be used to cover the cost of care provided by a nursing home, which is essential for individuals who might otherwise exceed the income limits for Medicaid eligibility.

Using funds for gifts to family members, investments in stocks, or medical expenses outside the nursing home is not aligned with the primary function of the trust. These options do not support the intent behind establishing a Miller Trust, which is focused on ensuring that the individual's long-term care needs are met while navigating eligibility for government assistance programs like Medicaid.

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Gifts to family members.

Investment in stocks.

Medical expenses outside the nursing home.

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