13. Financial Planning Tools for People with Disabilities Who Receive Social Security Disability Benefits and Their Family Members
Most people who receive Social Security Disability Benefits are under the misconception they cannot save for the future. This is not TRUE!!! STABLE Kentucky is Kentucky’s ABLE (Achieving A Better Life Experience) program which allows a person whose disability occurred before the age of 26, their family member, friends, etc. to save up to $15,000/year without jeopardizing the person’s Supplemental Security Income eligibility or Medicaid eligibility. Supplemental and Special Needs Trusts allow for more funds to be saved and used for supplemental needs. This presentation will provide an overview of these tools as well as provide resource information.