Re: Florida Pre-Paid college and TRUST FUND/benefits

[Guest guest]

I disagree. I has my estate planning done by a large law firm in downtown Miami and I happen to work in the legal field. The attorney who did my will which creates a special needs trust in the event of my death specifically told me to close all accounts in my son's name but I could leave the prepaid college account since it did not count as an asset. I also checked this with APD when I applied for the medwaiver for my son. They confirmed the same thing.

Joyce

Subject: Re: Florida Pre-Paid college and TRUST FUND/benefitsTo: sList Date: Friday, January 21, 2011, 6:32 PM

A Florida prepaid education account would certainly count as an asset of the the special needs adult child when maintaining eligibility for Medicaid or SSI. If you do not have another child to switch the funds to, it would be much preferred not to have college 529 plans or prepaid college accounts. Put the money in a special needs trust- this is the most flexible way to save for your child's future, and if your child does not go to college, you can use the funds for other purposes. > >> > I also held off and am now glad I did. My daughter will not be able to handle > > the academics of college and I hoped & prayed for many years that she possibly > > could. I couldn't have handled the money then anyway and it went towards > > therapies which now I can say did help. Only you can be the one to decide and > > check to see about returning the money if you change your mind.  Good luck.> > > > > > >> > >From: "austintandt@" <austintandt@>> > >To: sList > > >Sent: Sun, January 16, 2011 7:13:23 AM> > >Subject: Florida Pre-Paid college discussion> > >> > > > > >I’ve been holding off on Florida prepaid college because I was nervous my son > > >would not go to college and then we would lose our investment. Anyone know > > >anything about that? What are others doing?> > >> > >> > >> > >> > >From: Cohane > > >Sent: Saturday, January 15, 2011 8:29 PM> > >To: sList > > >Subject: RE:

FREE Online Inclusion Training for Administrators, > > >Educators and Parents> > >> > > > > >Can you speak more about this???? We do the Florida Prepaid for all three of > > >ours (actually the grandparents do it). Is there a discounted rate for our > > >kids? > > >> > >From:sList [mailto:sList ] On Behalf > > >Of > > >Sent: Saturday, January 15, 2011 7:25 AM> > >To: sList > > >Subject: Re: FREE Online Inclusion Training for Administrators, > > >Educators and Parents> > > > > >As for college, you can do the Florida pre-paid and get his college much > > >cheaper. We did it this year for our son and his four year college tuition was > > >11,000.00 without room and board. > > >> > > FREE Online Inclusion Training for Administrators, > > >Educators and Parents> > > > > >> > > > > >To ensure you receive Institute on Disability emails, please add > > >contact.iod@ to your address book.> > >Having trouble reading this announcement? Click here to view it in your browser. > > >> > > Free Inclusive

Education Webinars> > >Greetings,> > >You are invited to join educators and parents from across the United States to > > >participate in free webinars featuring state-of-the-art strategies related to > > >inclusive education for students with autism and related disabilities. These > > >free, participate-at-your-convenience webinars have been organized into two > > >series, one designed for classroom professionals and parents and one for school > > >and district leaders and administrators. Below is an overview of each webinar > > >series:> > >Fundamentals of Inclusive Education Series Administrators’> > >Leadership Series > > >Fifteen webinars for educators and parents including:> > >• New Views of Students with Autism & Related Disabilities> >

>• Creating a Leadership Team> > >• Inclusion Beyond the Walls of the Classroom > > >• Collaborative Teaming > > >• Planning Supports for Instruction, Communication, and Behavior> > >• Writing Standards-Based IEPs Five webinars for general and special education > > >administrators including:> > >• New Views of Students with Autism & Related Disabilities > > >• Including Families and Students as Partners> > >• Creating a Leadership Team> > >• Creating a Welcoming Classroom, School, and Community > > >• Desired Outcomes for Students with Autism > > >Click here for complete details regarding each webinar series.> > >The National Inclusive Education Initiative

(NIEI) is pleased to provide these > > >webinars free of charge through a grant from the Omnibus Appropriations Act of > > >2009.> > >For questions and registration information, contact:> > > O’Rourke, NIEI Program Support Assistant> > > begin_of_the_skype_highlighting                    end_of_the_skype_highlighting | sarah.orourke@> > >Join the NIEIonline community on Facebook! > > >Institute on Disability | University of New Hampshire> > >10 West Edge Drive, Suite 101 | Durham, NH 03824> > >phone: |contact.iod@ Stay Connected: > > >Click here to forward this message.> > >Click here to unsubscribe.

> > >> >>

[Guest guest]

remember in the event the child cannot go to college, the money goes back to the parents, not the CHILD. Which is why it is not considered an asset of the child. The parents or the grandparents pay into the Florida prepaid or 529 plan and the refund goes back to that person. If anything, it hurts the Medicaid eligibility of the person who is paying. If you need your money back, you get the principal back, with interest. The whole idea is, the cost of tuition is significantly reduced through this program. Don't forget this.

Joyce

Subject: Re: Florida Pre-Paid college and TRUST FUND/benefitsTo: sList Date: Friday, January 21, 2011, 6:32 PM

A Florida prepaid education account would certainly count as an asset of the the special needs adult child when maintaining eligibility for Medicaid or SSI. If you do not have another child to switch the funds to, it would be much preferred not to have college 529 plans or prepaid college accounts. Put the money in a special needs trust- this is the most flexible way to save for your child's future, and if your child does not go to college, you can use the funds for other purposes. > >> > I also held off and am now glad I did. My daughter will not be able to handle > > the academics of college and I hoped & prayed for many years that she possibly > > could. I couldn't have handled the money then anyway and it went towards > > therapies which now I can say did help. Only you can be the one to decide and > > check to see about returning the money if you change your mind.  Good luck.> > > > > > >> > >From: "austintandt@" <austintandt@>> > >To: sList > > >Sent: Sun, January 16, 2011 7:13:23 AM> > >Subject: Florida Pre-Paid college discussion> > >> > > > > >I’ve been holding off on Florida prepaid college because I was nervous my son > > >would not go to college and then we would lose our investment. Anyone know > > >anything about that? What are others doing?> > >> > >> > >> > >> > >From: Cohane > > >Sent: Saturday, January 15, 2011 8:29 PM> > >To: sList > > >Subject: RE:

FREE Online Inclusion Training for Administrators, > > >Educators and Parents> > >> > > > > >Can you speak more about this???? We do the Florida Prepaid for all three of > > >ours (actually the grandparents do it). Is there a discounted rate for our > > >kids? > > >> > >From:sList [mailto:sList ] On Behalf > > >Of > > >Sent: Saturday, January 15, 2011 7:25 AM> > >To: sList > > >Subject: Re: FREE Online Inclusion Training for Administrators, > > >Educators and Parents> > > > > >As for college, you can do the Florida pre-paid and get his college much > > >cheaper. We did it this year for our son and his four year college tuition was > > >11,000.00 without room and board. > > >> > > FREE Online Inclusion Training for Administrators, > > >Educators and Parents> > > > > >> > > > > >To ensure you receive Institute on Disability emails, please add > > >contact.iod@ to your address book.> > >Having trouble reading this announcement? Click here to view it in your browser. > > >> > > Free Inclusive

Education Webinars> > >Greetings,> > >You are invited to join educators and parents from across the United States to > > >participate in free webinars featuring state-of-the-art strategies related to > > >inclusive education for students with autism and related disabilities. These > > >free, participate-at-your-convenience webinars have been organized into two > > >series, one designed for classroom professionals and parents and one for school > > >and district leaders and administrators. Below is an overview of each webinar > > >series:> > >Fundamentals of Inclusive Education Series Administrators’> > >Leadership Series > > >Fifteen webinars for educators and parents including:> > >• New Views of Students with Autism & Related Disabilities> >

>• Creating a Leadership Team> > >• Inclusion Beyond the Walls of the Classroom > > >• Collaborative Teaming > > >• Planning Supports for Instruction, Communication, and Behavior> > >• Writing Standards-Based IEPs Five webinars for general and special education > > >administrators including:> > >• New Views of Students with Autism & Related Disabilities > > >• Including Families and Students as Partners> > >• Creating a Leadership Team> > >• Creating a Welcoming Classroom, School, and Community > > >• Desired Outcomes for Students with Autism > > >Click here for complete details regarding each webinar series.> > >The National Inclusive Education Initiative

(NIEI) is pleased to provide these > > >webinars free of charge through a grant from the Omnibus Appropriations Act of > > >2009.> > >For questions and registration information, contact:> > > O’Rourke, NIEI Program Support Assistant> > > begin_of_the_skype_highlighting                    end_of_the_skype_highlighting | sarah.orourke@> > >Join the NIEIonline community on Facebook! > > >Institute on Disability | University of New Hampshire> > >10 West Edge Drive, Suite 101 | Durham, NH 03824> > >phone: |contact.iod@ Stay Connected: > > >Click here to forward this message.> > >Click here to unsubscribe.

> > >> >>

[Guest guest]

From a tax standpoint, if you withdraw funds from a 529 or other qualified

education account, for purposes other than college, and you get back more than

you put in, you will pay tax on the excess over your original contributions plus

a 10% penalty. You can however, transfer the account to another beneficiary,

without tax consequences. There may also be a cancellation fee. Here is an

exerpt from a Florida Prepaid Plan website. There may be other Florida plans,

so check with the one you have and see what they say.

Prepaid Plan:

You may transfer the Florida Prepaid College to another qualified family member

or you may cancel the Plan and receive a refund. There is a cancellation fee of

up to $50 if you have had your Prepaid Plan for less than two years.

Investment Plan:

You may transfer the Florida College Investment Plan to another qualified family

member, or you may cancel the Plan and withdraw all of the money in the account.

There is a $50 cancellation fee, and certain tax consequences may apply. For

more information, refer to the Florida College Investment Plan Disclosure

Statement included in this Enrollment Kit.

> > >

> > > I also held off and am now glad I did. My daughter will not be

able to handle

> > > the academics of college and I hoped & prayed for many years that she

possibly

> > > could. I couldn't have handled the money then anyway and it went

towards

> > > therapies which now I can say did help. Only you can be the one to

decide and

> > > check to see about returning the money if you change your mind.ÂÂ

 Good luck.

> > >

> > >

> > > >

> > > >From: " austintandt@ " <austintandt@>

> > > >To: sList

> > > >Sent: Sun, January 16, 2011 7:13:23 AM

> > > >Subject: Florida Pre-Paid college discussion

> > > >

> > > >ÂÂ

> > > >I’ve been holding off on Florida prepaid college because

I was nervous my son

> > > >would not go to college and then we would lose our investment.ÂÂ

Anyone know

> > > >anything about that? What are others doing?

> > > >

> > > >

> > > >

> > > >

> > > >From: Cohane

> > > >Sent: Saturday, January 15, 2011 8:29 PM

> > > >To: sList

> > > >Subject: RE: FREE Online Inclusion Training for

Administrators,

> > > >Educators and Parents

> > > >

> > > >ÂÂ

> > > >Can you speak more about this???? We do the Florida Prepaid for

all three of

> > > >ours (actually the grandparents do it). Is there a discounted

rate for our

> > > >kids?

> > > >

> > > >From:sList [mailto:sList ] On

Behalf

> > > >Of

> > > >Sent: Saturday, January 15, 2011 7:25 AM

> > > >To: sList

> > > >Subject: Re: FREE Online Inclusion Training for

Administrators,

> > > >Educators and Parents

> > > >ÂÂ

> > > >As for college, you can do the Florida pre-paid and get his college much

> > > >cheaper. We did it this year for our son and his four year

college tuition was

> > > >11,000.00 without room and board.

> > > >

> > > > FREE Online Inclusion Training for Administrators,

> > > >Educators and Parents

> > > >ÂÂ

> > > >

> > > >ÂÂ

> > > >To ensure you receive Institute on Disability emails, please add

> > > >contact.iod@ to your address book.

> > > >Having trouble reading this announcement? Click here to view it in your

browser.

> > > >

> > > > Free Inclusive Education Webinars

> > > >Greetings,

> > > >You are invited to join educators and parents from across the United

States to

> > > >participate in free webinars featuring state-of-the-art strategies

related to

> > > >inclusive education for students with autism and related disabilities.

These

> > > >free, participate-at-your-convenience webinars have been organized into

two

> > > >series, one designed for classroom professionals and parents and one for

school

> > > >and district leaders and administrators. Below is an overview of each

webinar

> > > >series:

> > > >Fundamentals of Inclusive Education Series

Administrators’

> > > >Leadership Series

> > > >Fifteen webinars for educators and parents including:

> > > >• New Views of Students with Autism & Related Disabilities

> > > >• Creating a Leadership Team

> > > >• Inclusion Beyond the Walls of the Classroom

> > > >• Collaborative Teaming

> > > >• Planning Supports for Instruction, Communication, and

Behavior

> > > >• Writing Standards-Based IEPs Five webinars for general

and special education

> > > >administrators including:

> > > >• New Views of Students with Autism & Related Disabilities

> > > >• Including Families and Students as Partners

> > > >• Creating a Leadership Team

> > > >• Creating a Welcoming Classroom, School, and Community

> > > >• Desired Outcomes for Students with Autism

> > > >Click here for complete details regarding each webinar series.

> > > >The National Inclusive Education Initiative (NIEI) is pleased to provide

these

> > > >webinars free of charge through a grant from the Omnibus Appropriations

Act of

> > > >2009.

> > > >For questions and registration information, contact:

> > > > O’Rourke, NIEI Program Support Assistant

> > > > begin_of_the_skype_highlighting         Â

          end_of_the_skype_highlighting |

sarah.orourke@

> > > >Join the NIEIonline community on Facebook!

> > > >Institute on Disability | University of New Hampshire

> > > >10 West Edge Drive, Suite 101 | Durham, NH 03824

> > > >phone: |contact.iod@ Stay Connected:ÂÂ

> > > >Click here to forward this message.

> > > >Click here to unsubscribe.

> > > >

> > >

> >

>