A new twist to ABLE v. Special Needs Trust

I guess that title is just the law librarian coming out in me. It’s really not one versus the other but rather making them both equal. I’ve been thinking about when to create a Special Needs Trust because it’s something that my son wasn’t going to able to do (until now) except with an ABLE account.

Anyway, it turns out that according to this article entitled “New Law Expands Access To Special Needs Trusts” by Michelle Diament over at Disability Scoop, now he can.Okay Missouri, as well as, Alaska, Illinois, Iowa, Kansas, Minnesota, Missouri, Nevada, Pennsylvania, and Rhode Island, time to get going on that ABLE account.

Sincerely-

  

Autism Librarian

Tonight

Tonight I sit here without an article yet, still a lot to read. I was signed up for a workshop on Special Needs Trust tonight but, decided to skip it. I’ve been to a couple already, so I think now I just need to start to put one together.

I also found the sheet I was looking for earlier on comparing ABLE accounts and Special Needs Trust. That’s what I need to read next and then just make a decision. If not, there’s another workshop on Special Needs Trusts this Thursday.

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

Keep on trucking

That’s a phrase that takes me back and while I have no article to post tonight, I think that phrase describes what I’ve been doing for the last few days. I didn’t have my kids this weekend so I just worked on planning for the future of my oldest son (and his siblings).

Working on updating my life insurance while getting prepared with some workshops over the next few months, to open up an ABLE account and a Special Needs Trust because that’s what dads do for the kids with special abilities (and their siblings). Oh yea, and that’s what we librarians do, research.

Sweet dreams!

  

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

Special Needs Trusts

Since I signed up for another workshop this fall on Special Needs Trusts, I thought I would post this article on some good news about these trusts. This according to the article entitled “Bill Would Increase Access To Special Needs Trusts by over at Disability Scoop.

I actually can’t wait for this workshop since I feel I have questions to ask and actions to take. It helps to be informed.

Sincerely-

  

Autism Librarian