The Joanne and Ted Lindsay Foundation Autism Outreach Services (OUCARES) at Oakland University is offering a workshop designed to help attendees learn more about financial planning for individuals with special needs. The event, “Achieving a Better Life Experience: Financial Planning for Individuals with Special Needs,” will provide information that parents and caregivers can use to help ensure financial security for people with autism and other disabilities.
The event will take place from 6-7:30 p.m. on Tuesday, Feb. 25 in Banquet Room A of the Oakland Center, on OU’s Rochester campus. Specifically, the presentation will help attendees better understand the Michigan ABLE Act Account and Springhill Pooled Accounts Trust, and how these accounts can be utilized by individuals with special needs and their families.
The Michigan Able Act was signed into law in October 2015 to encourage and assist individuals and families in saving funds that help individuals with disabilities to maintain health, independence and quality of life without jeopardizing benefits provided through private insurance, Supplemental Security Income, Medicaid, the beneficiary’s employment and other sources.
A Springhill Pooled Accounts Trust is a special needs trust created to offer people with disabilities the opportunity to pool assets for investment and administrative purposes while preserving their eligibility for public benefits.
The event is presented by R. Scott de Varona, MiABLE program director, and Joanna Giglio, director of Springhill Pooled Accounts Trust. Event attendees will learn about a variety of topics, including:
• Who is eligible for an ABLE account
• What ABLE Funds can be used for
• Michigan Able and Pooled Accounts Trust features and tax implications
• How a Pooled Accounts Trust works hand-in-hand with an ABLE account
• Pooled Accounts Trust enrollment options
This event is free and open to the public. If interested in attending, please RSVP to email@example.com or call (248) 370-2424.