Legal Resources

Legal Resources

Legal resources for older adults The National Academy of Elder Law Attorneys The National Academy of Elder Law Attorneys (NAELA) is a professional association of lawyers who are committed to improving the quality of legal services provided to individuals as they get older and people who have special needs. The organization provides elder law attorneys with continuing legal education opportunities and provides support to other organizations that work with people as they age. The Missouri Chapter of the National Academy of Elder Law Attorneys This is the official website of the Missouri Chapter of NAELA. Visitors can learn about the organization, recent events, and browse through their listing of elder law attorneys. ADA.gov Homepage The link above is to a government website containing information and technical assistance on the Americans with Disabilities Act (ADA). People who visit the site can read the text of the law, learn about design standards the law mandates, obtain technical assistance materials, and learn about the way the ADA is enforced. Missouri Probate Forms The website maintained by the Missouri Courts providing various forms that may be required in various probate actions. Missouri Revised Statutes Chapter 456 Missouri code regarding trusts and trustees. Missouri Bar Informational Brochure on Wills The link provides takes visitors to an informational brochure regarding wills published by the Missouri Bar. Healthcare resources for seniors The Official U.S. Government Site for Medicare The Medicare program helps millions of seniors and people with disabilities meet the costs of their medical care. This official government website provides information regarding the program and allows users to sign up for Medicare. Healthcare.gov Healthcare.gov is...
What is the Missouri ABLE Act and How Will It Affect You?

What is the Missouri ABLE Act and How Will It Affect You?

Individuals with disabilities that prevent them from working and earning a living nonetheless have financial needs. On June 29, 2015 Missouri Governor Jay Nixon signed the Missouri Achieving a Better Life1 (ABLE) act into law, allowing individuals to make contributions into an account for the purposes of financing the qualified disability expenses of a designated beneficiary if disabled before the age of 26. People who take advantage of the new law will be able to contribute up to the federal annual gift tax exclusion amount (currently $14,000) and allows for certain state income deductions for the contributions. Additionally, the new law will allow disabled persons to protect a significant amount of money without jeopardizing their means-tested government disability benefits, as well. The maximum amount a disabled Supplemental Security Income (“SSI”) recipient can protect in ABLE account(s) is $100,000.  But, like a special needs trust that is funded with the disabled person’s money, the State must be paid back after the death of the disabled person for any Medicaid expenditures paid to the disabled person during their lifetime. The payback encourages the money to be used for the benefit of the disabled person and not saved for heirs. This new law will help individuals living with disabilities and substantially improve the lives of thousands of Missourians. In addition to the accounts authorized by the ABLE Act, individuals with disabilities can also protect money they save through Individuals Development Accounts (IDAs) without jeopardizing their eligibility for public benefits. Individual Development Accounts (IDAs) are matched savings accounts that help people with modest means to save towards the purchase of a lifelong asset,...