Topic: Money Matters
When: Session 2, 9-10.20am
Where: Mainstage
About this session:
Adult autism is expensive. Not only do many adults with autism or DD lack the ability to earn a living, they often have intensive support needs that last a lifetime, all of which cost money. As the adult autism population surges and resources are constrained, families need to be prepared to maximize their loved one's access to public and private sources of funding.
Regional center funding averages only about $40,000 per year per adult client with ASD. The remaining funds to support an adult must be cobbled together from a variety of sources, for example:
In this session, attorney Stephen Dale will address the various sources of public funds available to support adults with autism/DD. Financial planner Jon Elfin will address how to think about optimizing use of privately available funds. Christina Elliott will discuss the ABLE act.
About the presenters:
The Dale Law Firm, PC offers full service estate planning, with a focus in developing estate plans that involve persons with disabilities. These Estate Plans promote independence, while preserving eligibility for essential public benefits such as Special Needs Trusts and Limited Conservatorships. The Dale Law Firm, PC believes that the best plan can be established with a "team" approach, working with our clients' advisors including their CPA, insurance professional or financial planner. We are members of the Wealth Counsel Estate Planning Attorneys with over 1,000 attorneys committed to excellence in all aspects of estate planning.
http://dalelawfirm.com/
Jon Elfin is a Financial Planner with Lincoln Financial Advisors, Corp., Member SIPC who specializes in planning for families with Special Needs dependents. He's been in practice 15 years. He has done special needs planning himself, as he has a special needs son with a rare genetic disorder called Trisomy 9. Jon has a BA from Washington State University, and an MBA from St Mary's College. CRN-1648061-111816
Christina Elliott is the executive director of CalABLE.
When: Session 2, 9-10.20am
Where: Mainstage
About this session:
Adult autism is expensive. Not only do many adults with autism or DD lack the ability to earn a living, they often have intensive support needs that last a lifetime, all of which cost money. As the adult autism population surges and resources are constrained, families need to be prepared to maximize their loved one's access to public and private sources of funding.
Regional center funding averages only about $40,000 per year per adult client with ASD. The remaining funds to support an adult must be cobbled together from a variety of sources, for example:
- SSI (usually about $12,000 per year)
- In Home Support Services (county funds, about $24,000 per year for those with substantial functional limitations)
- Subsidized rents, in the form of low-income housing vouchers or set-aside low-income units (usually about $24,000 a year in the Bay Area)
- Medi-Cal and other insurance (for items like behavior supports, could be several thousand per year)
- Paratransit and other subsidized and specialized transportation
- Private expenditures, such as parents, special needs trusts
- Nonprofit fundraising to sustain the cash-strapped nonprofits that serve adults with autism/DD
In this session, attorney Stephen Dale will address the various sources of public funds available to support adults with autism/DD. Financial planner Jon Elfin will address how to think about optimizing use of privately available funds. Christina Elliott will discuss the ABLE act.
About the presenters:
The Dale Law Firm, PC offers full service estate planning, with a focus in developing estate plans that involve persons with disabilities. These Estate Plans promote independence, while preserving eligibility for essential public benefits such as Special Needs Trusts and Limited Conservatorships. The Dale Law Firm, PC believes that the best plan can be established with a "team" approach, working with our clients' advisors including their CPA, insurance professional or financial planner. We are members of the Wealth Counsel Estate Planning Attorneys with over 1,000 attorneys committed to excellence in all aspects of estate planning.
http://dalelawfirm.com/
Jon Elfin is a Financial Planner with Lincoln Financial Advisors, Corp., Member SIPC who specializes in planning for families with Special Needs dependents. He's been in practice 15 years. He has done special needs planning himself, as he has a special needs son with a rare genetic disorder called Trisomy 9. Jon has a BA from Washington State University, and an MBA from St Mary's College. CRN-1648061-111816
Christina Elliott is the executive director of CalABLE.