Dear Mr. Premack: The banks aren’t paying any interest these days, and our children are having difficulty staying afloat, let alone saving for the grandchildren’s’ college. We are comfortable financially, and would like to set some money aside as a college fund. If we simply make gifts into a UTMA account, how would it function as the years pass? – W.G. Your grandchildren will have a difficult time running the maze and figuring out how to navigate the modern world. Your assis

Dear Mr. Premack: I have seen similar related questions in your archives, but not specifically answering this one. My Uncle applied for Medicaid, and was denied as his income was too high. We need to establish QIT. Once that is done, do we need to re-apply to Medicaid or does the QIT get filed anywhere? What is the process following creation of the QIT by the lawyer? Thank you! – RS For anyone to qualify for Medicaid’s long-term care assistance, the applicant must meet a vari