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HSB 0529 - A study bill relating to Miller trusts and including applicability provisions.

Tracking Level: ISBA Affirmative Legislation
Sponsor:
Last Action: 1/22/2014 - House - In Human Resources
House Committee:
Assigned To:
Probate, Trust & Estate Planning LawNext Bill

Staff Analysis of the Legislation

Raises the Miller Trust upper limit to 125% of the average statewide charge for nursing facility services to private pay residents, which allows more individuals to utilize the Miller Trust to pay for the cost of nursing facility care without having to take extraordinary measures to adjust their monthly income.


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text