Join special needs planner Kristin Carelton for an enlightening webinar designed for financial professionals who are passionate about empowering individuals with special needs to achieve financial independence. This session, "Creating Opportunities for Independence in Special Needs Financial Planning," will provide a comprehensive overview of essential tools and strategies, including ABLE accounts, microboards, and supported employment, and how these elements can work synergistically to foster autonomy and improve the quality of life for individuals with disabilities.
Key Topics:
1. Understanding ABLE Accounts:
Learn about Achieving a Better Life Experience (ABLE) accounts, tax-advantaged savings accounts designed specifically for individuals with disabilities. Eligibility and Contributions: Understand the eligibility requirements for ABLE accounts and how families can contribute up to $17,000 per year without jeopardizing federal benefits.
Qualified Expenses: Discover the broad range of qualified disability expenses (QDEs) that ABLE accounts can cover, including education, housing, transportation, and health care.
Tax Benefits: Explore the tax advantages of ABLE accounts, such as tax-free growth and withdrawals for qualified expenses.
2. Leveraging Microboards: What is a Microboard? Delve into the concept of microboards, small groups of committed family and friends who form a non-profit organization to support an individual with special needs. Legal and Organizational Structure: Learn about the legal requirements and organizational structure of microboards, including how to establish and maintain them. Role in Financial Planning: Understand how microboards can be integrated into a comprehensive financial plan, providing personalized support and advocacy for the individual.
3. Supported Employment: What is Supported Employment? And more.
*CE/CPE Eligible: 1 CE credit is available to attendees with these designations: CFP, CLU, ChFC and RICP. CPA attendees will earn 1 CPE credit.
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
NASBA Approved
Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.