Financial Planning & Special Needs Trusts
ABLE Act – Frequently Asked Questions
The Achieving a Better Life Experience (ABLE) Act enables eligible individuals with disabilities to save money in a tax-exempt account that may be used for qualified disability expenses while still keeping their eligibility for federal public benefits.
ABLE National Resource Center
Providing families with resources from disability organizations nationwide. Bringing together the investment, support and resources of the country’s largest and most influential national disability organizations.
Website: ABLE National Resource Center
Link: Delaware ABLE
Link: Michigan ABLE – Open to residence across Michigan and the country.
Link: ABLE -Review By State
Providing tax-advantaged ABLE savings accounts for individuals with disabilities. The ABLEnow program is administered by Virginia529, the country’s largest college savings plan.
Assisting parents and guardians ensure their family members with special needs can continue to lead a safe and meaningful life. DCP develops with families a personalized care plan and establishes a special needs trust without making him or her ineligible for crucial government benefits like Medicaid and SSI.
Website: Delaware CarePlan
Financial Literacy for Students with Disabilities
Resources and tips for students to develop the necessary financial life skills for living independently.
Link: Guide – Financial Literacy for Students with Disabilities
First Hand Foundation
Providing funding for individual children with health-related needs when insurance and other financial resources have been exhausted.
Website: First Hand Foundation
Guides for Managing Someone Else’s Money
Guides for people in four different fiduciary capacities: agents under a power of attorney, court-appointed guardians, trustees, and government fiduciaries (Social Security representative payees and VA fiduciaries).
Link: Guides for Managing Someone Else’s Money
Kelly Anne Dolan Memorial Fund
Providing financial assistance for needs not covered by insurance, respite programs, non-cash items, and more to families living or seeking treatment in Pennsylvania, New Jersey, and Delaware.
Website: Kelly Anne Dolan Memorial Fund
Law Offices of Kevin O’Brien
Providing assistance with Special Needs Trusts and Division of Vocational Rehabilitation assessments.
Link: Kevin OBrien Law – Special Needs Trust
Contact: Paul O’Brien, Attorney at Law, email: firstname.lastname@example.org
Phone: Office = (302) 888-2707 Cell = (302) 559-4758
Fax: (302) 888-2708
Address: Greenville Center, C-204, Greenville, DE 19807
Special Needs Planning and Resources LLC
Special needs planning for your loved one with a disability.
Website: Special Needs Planning and Resources
Contact: 226 Horseshoe Drive, Middletown DE – (302) 530-1234
Social Security Admin Program Operations Manual System (POMS)
POMS provides an introduction to Medicaid trust exceptions and information on how to create a trust that complies with Social Security and Medicaid rules.
Link: Social Security Program Operation Manual System
United Healthcare Children’s Foundation Grants
UHCCF grants provide financial help/assistance for families with children that have medical needs not covered or not fully covered by their commercial health insurance plan. The Foundation aims to fill the gap between what medical services/items a child needs and what their commercial health benefit plan will pay for.
Link: UHCCF Grants – for additional information and grant application.
Book: Managing a Special Needs Trust: A Guide for Trustees
Managing a Special Needs Trust: A Guide for Trustees (DisABILITIESBOOKS) is an invaluable resource for anyone who is managing a special needs trust for a person with a disability. The authors explain how a trustee can use trust funds to meet the financial needs of a person with a disability and still comply with the complex rules of government benefit programs.