Our general meeting will be in Faith Hall at the First Lutheran Church. 2900 Carson Street, Torrance, beginning at 7:30 p.m. Our Family Support Group will meet at 6 p.m.in the room off of Faith Hall.

Our guests will be Karen Holt, an estate attorney presenting information on Special Needs Trusts, and Marc Ang, Financial Advisor, joining her to discuss ABLE accounts.

A special needs trust is a specialized trust that allows the disabled beneficiary to enjoy the use of property that is held in the trust for his or her benefit while at the same time allowing the beneficiary to receive essential needs-based government benefits. Ms. Holt will review the needs and issues regarding special needs trusts, government benefits and requirements. Because of the restrictions on how much income and assets a person can have while receiving government benefits the use and structure of a special needs trust is very important. The special needs trust can be a valuable tool for family members to consider supporting their loved one.

An ABLE account (Achieving a Better Life Experience) is a relatively new type of tax-advantaged savings account available in several states that an eligible individual can use to pay for qualified disability expenses. The eligible individual is the owner and designated beneficiary of the ABLE account.