Special needs trusts new rule

Recently I just open up an ABLE account for my son. I had look at opening a Special Needs Trust but decided against it because of the flexibility of ABLE accounts. So I was happy to see this article entitled “Feds Clarify New Rule for Special Needs Trustsby Shaun Heasley over at Disability Scoop. To me, the more flexibility for people with special abilities, as well as their caregivers, the better.

Sincerely-

   

Autism Librarian

Advertisements

ABLE accounts

Okay, I don’t have an article to post tonight but I do have an update about the ABLE account for my son. I just opened it up the other day and I’m so excited. Besides having another step taken for my son, I also feel good because my mom has a 529 account for  him but since I don’t know if he’ll ever want to go to college, I can take that money and put it in his ABLE account. If you live in Missouri or one of the other nine states which can’t remember, you can get more information over at the stable account website.

Sincerely-

   

Autism Librarian

ABLE in Missouri

So according to Missouri Treasurer Eric Schmitt earlier this month, Missouri has entered into an agreement with four other states (Ohio, Vermont, Georgia, and Kentucky) to implement MO ABLE. To find out more, check out this link to the Missouri Treasurer’s website. Yea!

Sincerely-

   

Autism Librarian

ABLE update in D.C.

So a while ago, I signed up for updates from Congress.gov website on ABLE Accounts and so the other day I got my first update on the bill. If you want to check out what they’re doing in D.C. regarding the legislation, click here. You can also sign up for the alerts.

Meanwhile I need to follow up with my state legislators to get an update on where Missouri is at regarding ABLE Accounts. I’m getting anxious to establish an account for my son.

Sincerely-

   

Autism Librarian

ABLE act in Missouri

So yesterday I signed up for a workshop on the ABLE act here in Missouri through the St. Louis Arc, a group here in Missouri that supports family member with special abilities (or as they say on their website, intellectual and developmental disabilities).

While the handout says that ABLE accounts are not yet available, I’m looking at this as a way to prepare for when they are. I also need to look back at my notes on Social Security and SSI to make sure I do whats best for my son.

FYI, I just discovered that St. Louis Arc is also having a Family Resource Market in April where we have 15 minute one-on-one discussions with various groups including Social Security and SSI. Good to know.

Sincerely-

  

Autism Librarian

Finding the sun

Now I’ve been following this story for a little while, about Sheltered Workshops and how states are looking at alternatives. Well, anyway, it looks like at least the state of Minnesota is headed that way. I think that I need to reach out to my local state representative to find out what Missouri is doing.

In fact, I know a local store owner (whose son is also autistic) that I’m going to get in touch with in part because we had a discussion about the Sheltered Workshops a few weeks ago and how they pay so little. After I do that, I’ll let you know what happens.

Oh yea, the article I read today about these is entitled “States Developing Alternatives To Sheltered Workshops” by Chris Serres via the Star-Tribune and over at Disability Scoop. I also need to talk to my state representative about ABLE accounts. So much to do and so little time but at least I feel motivated.

Sincerely-

  

Autism Librarian

ABLE update

This just in:

Tucked inside a tax bill approved by lawmakers last month is a provision that will permit individuals with disabilities to open new accounts established under the Achieving a Better Life Experience, or ABLE, Act in any state, regardless of where they reside.

In other words:

The change means that people with disabilities across the country will be able to open ABLE accounts when the first state programs are up and running which could happen as soon as February or March, advocates say.

The best part is:

With the new accounts, people with disabilities will for the first time be able to accrue up to $100,000 in savings without losing access to Social Security and other government benefits. Medicaid coverage will remain intact no matter how much money is saved in an individual’s ABLE account.

This and more from the article entitled “ABLE Accounts May Be Available Sooner Than Expected by Michelle Diament at Disability Scoop. Now I need to find out how it will affect Missouri. Stay tuned!

Sincerely-

  

Autism Librarian

Meet me in St. Louis

It’s nice to see that kids and adults like my son, have another ally here in Missouri. That’s what I learned when I read the article entitled “Gadsey’s move to Missouri signals more advocacy for state’s disabled” over at the Missouri Times.

In addition to that, he works for Paraquad, a great support group here in St. Louis. I’ve been fortunate to give back to them by donating computers, courtesy of my workplace. In fact, I’m planning another donation next month.

Good people!

  

Autism Librarian