A pre-recorded streaming video replay from the March 2017 webcast, Understanding the New ABLE Accounts.
Topics covered include:
- Get a quick overview of the benefits and features of ABLE accounts for qualifying disabled or blind individuals
- Discover the tax advantages of ABLE accounts
- Learn how ABLE accounts can help individuals to save funds without losing eligibility for various means-based public benefits
- Examine how ABLE accounts can impact planning for individuals with special needs, and how ABLE accounts compare with Special Needs Trusts
- Understand when an ABLE account makes sense for your client, and when it doesn’t
Achieving a Better Life Experience (ABLE) was enacted to encourage and assist individuals in saving funds without losing eligibility for various means-based public benefits. ABLE accounts are patterned after the 529 College Savings Plans and help a disabled individual maintain his or her independence and achieve a higher quality of life.
This seminar will cover who is eligible to open an ABLE account, and key benefits, features, and administration of ABLE accounts, including:
- ABLE accounts and means-based government benefits
- Qualified Disability Expenses
- Investments of ABLE account funds
- Limits
- Transfers of ABLE accounts/changes of designated beneficiary
- Medicaid paybacks