The ABLE Act is federal law that aims to ease financial strains faced by people with disabilities by making tax preferred savings accounts available to cover qualified expenses such as education, housing, and transportation.
The purpose of the workshop is for attendees to get a better idea of the premise behind why the ABLE Account is important in protecting needs based benefits, how to set up and properly manage the ABLE Account, how a special needs trust is different from the ABLE Plan, and how to currently implement an ABLE account into a special needs planning situation.
Learning Objectives:
• History and Overview of the ABLE Account
• The Nuts and Bolts of the ABLE Accounts – eligibility, asset limits, contributions limits, qualified expenses, tax benefits, investment options,
• Medicaid Payback
• ABLE Accounts versus Special Needs Trusts
• Potential Planning Strategies with ABLE Accounts
Connor W. Kavanaugh has practiced in the areas of Special Needs and Financial Planning since 2012. Originally from Seattle, he calls Oregon home after moving to Portland in 1996. Connor earned a degree in Finance from Portland State University in 2012 and also spent five seasons on the football field as an All-Conference quarterback for the Vikings. Connor has developed a specialty in assisting families create valuable financial strategies to help provide for the lifelong needs of their loved ones with a disability.
In addition to his experience, Connor finished his Chartered Special Needs Consultant (ChSNC) designation from the American College in 2014, and earned his Certified Trust and Financial Advisor (CTFA) designation from the American Bankers Association in 2018. Connor serves on the Families and Community Together (FACT) Board, Down Syndrome Network of Oregon (DSNO) Board, Portland State Alumni Association Board, the Portland State Athletic Department Advisory Board. He is a member of the Society of Settlement Planners and the Academy of Special Needs Planners.
Connor is the Founder of the Palladio Group and lives in SW Portland with his wife, Lexi, and their golden retriever, Hootie.
For more information on this training on how you can participate, contact Kim Mintrone (kmintrone@oregonresource.org) at 503-585-3337.
The purpose of the workshop is for attendees to get a better idea of the premise behind why the ABLE Account is important in protecting needs based benefits, how to set up and properly manage the ABLE Account, how a special needs trust is different from the ABLE Plan, and how to currently implement an ABLE account into a special needs planning situation.
Learning Objectives:
• History and Overview of the ABLE Account
• The Nuts and Bolts of the ABLE Accounts – eligibility, asset limits, contributions limits, qualified expenses, tax benefits, investment options,
• Medicaid Payback
• ABLE Accounts versus Special Needs Trusts
• Potential Planning Strategies with ABLE Accounts
Connor W. Kavanaugh has practiced in the areas of Special Needs and Financial Planning since 2012. Originally from Seattle, he calls Oregon home after moving to Portland in 1996. Connor earned a degree in Finance from Portland State University in 2012 and also spent five seasons on the football field as an All-Conference quarterback for the Vikings. Connor has developed a specialty in assisting families create valuable financial strategies to help provide for the lifelong needs of their loved ones with a disability.
In addition to his experience, Connor finished his Chartered Special Needs Consultant (ChSNC) designation from the American College in 2014, and earned his Certified Trust and Financial Advisor (CTFA) designation from the American Bankers Association in 2018. Connor serves on the Families and Community Together (FACT) Board, Down Syndrome Network of Oregon (DSNO) Board, Portland State Alumni Association Board, the Portland State Athletic Department Advisory Board. He is a member of the Society of Settlement Planners and the Academy of Special Needs Planners.
Connor is the Founder of the Palladio Group and lives in SW Portland with his wife, Lexi, and their golden retriever, Hootie.
For more information on this training on how you can participate, contact Kim Mintrone (kmintrone@oregonresource.org) at 503-585-3337.