In a May 6, 2015 column for Trusts & Estates’ WealthManagement.com, Jamie Canup describes the Achieving a Better Life Experience (ABLE) Act of 2014, which went into effect January 2015. Paving the way for millions of disabled Americans to have tax-free accounts to help them save for their disability expenses, ABLE essentially provides savings accounts for disability-related expenses without jeopardizing Medicaid coverage and other federal benefits. Canup provides practical guidance on the accounts, their advantages and drawbacks, and what types of expenses are covered. To read the complete article, please click here.
Stephanie A. Hood