Join OneOp Military Caregiving and Personal Finance concentration areas as they host a professional development webinar on August 24, 2022 at 11:00 AM ET on ‘Special Needs Trusts and ABLE Accounts.’ If you or someone you know is caring for an individual with special healthcare needs and thinking about long-term planning, it may be helpful to RSVP for this upcoming event to learn which disability program is right for your family.
Special needs trusts are used to purchase goods and services not covered by public benefits. By using a special needs trust, individuals with disabilities can ensure that there is ongoing financial support, even after a parent or caregiver has passed away. This webinar will provide an overview of the different types of special needs trusts (self-settled, third-party, and pooled trusts) and explains the circumstances under which each type of trust could be beneficial. Topics of discussion include the items and services that can be paid for by special needs trusts, the relationship between shelter payments and certain government benefits, and general considerations for selecting an appropriate trustee.
ABLE accounts are special savings accounts that allow individuals to save for disability related expenses. In this webinar we will explore the use of ABLE Accounts and describes the strengths and limitations of this special needs planning tool. The training compares the effectiveness of ABLE accounts versus special needs trusts in maintaining eligibility for needs-based government benefits, avoiding Medicaid paybacks, providing alternatives to guardianships, and offering long-term financial strategies for families wishing to provide for loved ones with special needs.
To learn more or to RSVP to join, simply go to: Special Needs Trusts and ABLE Accounts.