An Income Cap Trust is a specific type of estate planning tool and elder law option that can be used to hold income obtained from a person or from Social Security. Each month, a long-term care recipient's qualifying income can be placed within a protected Medicaid income cap trust account.

Required Document- Income cap trust agreement or certification. The trustee must bring in the completed and signed trust agreement or certification to open the account. 

Additional Details:

Does the beneficiary have to be present to open the account: No

Do they have to have an existing membership to open the trust account: Yes

Do we have to have the original documents for the Trust Certification: Yes

**Members are not required to use a lawyer to create an Income Cap Trust certification however, it is highly advised that they speak to one.