Trusts & Estates
The Developing “Able Account” Laws
by Elliot P. Smith, JD, M.ACC., MS, CPA | Pearson, Butler & Carson, PLLC
For attorneys serving clients with special needs beneficiaries, it’s essential to understand the Achieving a Better Life Experience Act ("ABLE Act") and how it can affect clients’ plans.
Download this article to learn what's happening with ABLE Account laws and how to create tax-leveraged opportunities for clients using ABLE accounts that may complement Special or Supplemental Needs Trust planning, including:
- Contribution limits
- Use of funds
- Account balance
- Medicaid recapture
- Comparison with Special Needs Trusts
- More about developing law
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