Savings, Financial & Legal Resources

Personal Savings, Financial & Legal Resources

The Michigan Able Act was signed into law in October 2015, following passage in December 2014 of the federal Stephen Beck Jr. Achieving a Better Life Experience (ABLE) Act, which authorized states to establish tax-advantaged savings programs for individuals with disabilities.
The goal is to encourage and assist individuals and families in saving funds that help individuals with disabilities to maintain health, independence and quality of life without jeopardizing benefits provided through private insurance, Supplemental Security Income, Medicaid, the beneficiary’s employment and other sources.

Achieving a Better Life Experience Act (ABLE) National Resource Center

Is a collaborative whose supporters share the goal of accelerating the design and availability of ABLE accounts for the benefit of individuals with disabilities and their families.

Michigan Individual Development Account Partnership

IDA participants are at, or below, 200% of the poverty level ($33,820/yr for family of two in 2019). The goal is for participants and their families to change their attitude and relationship to money. Participants complete financial management classes and training related to their asset goal while saving regularly in their IDA. Their savings of up to $1,000 are matched at a typical ratio of 3:1 for a home purchase and 2:1 for post-secondary education/job training or to start/expand a small business. Rates may vary depending on program site and funding sources.

Alexander W. Hermanowski Hermanowski Law, PLLC

(734) 887-6079

Estate planning, probate, and criminal defense

Jessica L. S. Kelly, Attorney Stimpson & Associates P.C.

455 E. Eisenhower Pkwy
Suite 40
Ann Arbor, MI 48108
(734) 707-9455 x 204

Jessica has assisted students, children, and families since 2002. Working in areas of K-12 special education advocacy, higher education regulation and policy, and public service, she developed a full range of skills before becoming an attorney. In her legal practice, Jessica uses her experience to assist families in the areas of probate, estate planning (including wills, trusts, special needs trusts, and powers of attorney), guardianship/conservatorship and alternatives, and general family law matters. As an attorney who serves individuals with special needs, and as a mother who has advocated for the rights of her own children, she understands that extra attention needs to be paid when an estate plan, divorce or custody, and other matters include people with disabilities.

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