Riverside to Host Session on STABLE Accounts, Trusts
TROY — The Miami County Board of Developmental Disabilities, also known as Riverside, will host an information session on STABLE Accounts and Trusts on Tuesday, Jan. 21. Guest speakers will be Deputy Director Doug Jackson from the Office of the Treasurer of the State and attorney Laura Drake from the Community Fund Management Foundation.
A STABLE account is a financial tool that allows a person with disabilities to save and invest money without affecting eligibility for certain public benefits programs like Medicaid, SSI or SSDI. Jackson will explain how to open a STABLE account and how earnings in STABLE accounts are not subject to federal income tax as long as funds are used for “Qualified Disability Expenses.” Drake will speak about trusts as a frequently used estate or financial planning strategy by families to care for individuals with disabilities.
The information session will be held from 6-8 p.m. Tuesday, Jan. 21 at Riverside (1625 Troy Sidney Rd., Troy). The session is free and open to the public. For more information, contact Melissa Nichols at (937) 440-3002 or email@example.com.