ABLE Accounts: What Trusts and Estates Lawyers Need to Know
“Individuals with special needs and their families and advisors are now able to set up ABLE (Achieving a Better Life Experience) accounts under Internal Revenue Code § 529A. These tax-free accounts do not affect an individual’s eligibility for Supplemental Security Income (SSI) or Medicaid so long as certain requirements are met.” – Bernard A. Krooks and Benjamin A. Rubin