Monday, April 13, 2009

Finances

Finances can be a major problem for people with disabilities. The following are some websites which include some useful information for people with disabilities and their families as they plan for the future.

http://www.allsup.com/Personal-Finance/financial-matters-overview.aspx
Allsup is committed to creating opportunities for those with disabilities to lead lives that are as financially secure and as healthy as possible. We call this approach Disability Life Planning – taking a thorough look at the big picture, understanding the financial impact of a disability, understanding your options and resources available to you and, most importantly, doing it as soon as possible


http://www.kidsource.com/kidsource/content4/estate.dis.all.3.3.html.
The only reliable method of making sure that the inheritance actually has a chance of reaching a person with a disability when he or she needs it is through the legal device known as a Special Needs Trust (SNT). The SNT is developed to manage resources while maintaining the individual's eligibility for public assistance benefits. How is this done? Simply put, the family leaves whatever resources it deems appropriate to the trust. The trust is managed by a trustee on behalf of the person with the disability.


http://www.hud.gov/offices/hsg/mfh/progdesc/disab811.cfm
HUD provides funding to nonprofit organizations to develop rental housing with the availability of supportive services for very low-income adults with disabilities, and provides rent subsidies for the projects to help make them affordable


http://www.cdfa.net/cdfa/cdfaweb.nsf/pages/jun2005tlc.html
This article covers the status of Alternative Finance Programs (AFPs) for persons with disabilities. AFPs help people with disabilities finance the purchase assistive technology

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