What is a Special Needs Trust?

What is a Special Needs Trust?

A special needs trust is set up for an individual with special needs to supplement any benefits they may receive from government programs. A properly drafted special needs trust will allow the beneficiary to receive government benefits while still receiving funds from...
What Expenses Can ABLE Accounts Pay For?

What Expenses Can ABLE Accounts Pay For?

In passing the Achieving a Better Life Experience (ABLE) Act in 2014, Congress created a new way for potentially millions of individuals with special needs to save for disability related expenses without jeopardizing their eligibility for federal public benefit...
Five Practical Uses for an ABLE Account

Five Practical Uses for an ABLE Account

ABLE accounts allow individuals with disabilities (or their families) to establish tax-free savings accounts that won’t affect their ability to qualify for, or remain on, government assistance as long as the account balance does not exceed $100,000. However, ABLE...