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

Today was the day

It didn’t start out to be this kind of day but it ended up that way. I intended to start cleaning my room but the first pile of papers I had in my room to go through turned out to be mostly about my oldest son and his future.

So today was the day I started really planning out his future. I created a sort of time line of what resources I need to get in touch with. I also created a to do list for myself of what I need to do to help create his future. Finally I started making a list of questions to ask a lawyer regarding his future finances.

Right now I’m taking a break to blog a little and then call my kids to wish them good night. Then, it’s back to more research on the next step to take. Wouldn’t have it any other way.

Sincerely-

       

Autism Librarian

 

ABLE update for Missouri

A while back, just before we went on vacation, I e-mailed my state Senator to find out the latest on ABLE accounts in Missouri. According to his aid, it looks like they’ll be up and running in a nine-state consortium starting this fall. They also sent me a link to the Missouri Treasurers page with more information.

I guess my next step is to come up with a list of questions on my options and then talk to a financial advisor regarding what to do for my son. Among those questions will also be one about life insurance as my place of employment is allowing me to update and/or increase my current plan for now and even after retirement. So much to do.

Sincerely-

  

Autism Librarian

Special Needs Trust

So when I went to this workshop on special needs trusts tonight, put on by St. Louis Arc , I was expecting to learn about trusts. I truly say however, that I definitely got more than I bargained for.

I walked out feeling like I’m starting to make sense of it all, special needs trusts, guardianship and more. As one of the presenters later said, getting to where you want to get to is sort of a cylinder process. It’s like your on the outside looking in but as you go round and round, continuing to learn more, you start to get closer and closer to the center of what you need to know.

I’m definitely getting closer to the center. In fact, I think the financial advisor who spoke tonight is someone I want to talk to some more. He not only has a son with special abilities, he has a brother with special abilities. Seems to me like someone who gets it. All I can say is thank you!

Sincerely-

  

Autism Librarian

F.A.M.I.L.Y.

For anyone with a child/adult with special abilities, there is nothing really more important than family. That’s why I just requested the book F.A.M.I.L.Y. Autism Guide: Your Financial Blueprint for Autism.

Now while I don’t have the book, I just finished reading a handout by the author of the book, Greg Zibricky and if the book is anything like the handout, it should be a good read. I must admit, at this point, it’s been one of the best resources I’ve come across yet.

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

Always on my mind

The article that I found tonight is on a topic that for any parent with special abilities, is always on their mind. It’s entitled “Aging Out – for the first time in “My Autism Life” – I’m scared for my son’s future” by  via the Autism Daily Newscast.

I almost forgot, this is actually the first of  a series on aging out and is designed to help others develop a strategy and plan for their future. I know I’ll be following along. I’m actually signed up for a three part series on special needs trust in a couple of months and I’m sure it will be helpful for my son and I.

Stay tuned!

  

Autism Librarian