Financial Planning & Special Needs Trusts
Achieving a Better Life Experience (ABLE) Act – ABLE accounts help individuals with disabilities save money in tax-exempt accounts to pay for qualified expenses, without being taxed on the earnings – and in most cases, without losing eligibility for certain means-tested benefit programs, including 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 national disability organizations.
Website: ABLE National Resource Center
Link: Delaware ABLE
Providing tax-advantaged ABLE savings accounts for individuals with disabilities. The ABLEnow program is administered by the Virginia 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: 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 (302) 888-2707
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 partially covered by their health insurance plan. The Foundation aims to fill the gap between what medical services/items a child needs and what their health benefit plan will pay for.
Link: UHCCF Grants – for additional information and grant application.