ABLE Accounts vs. Special Needs Trusts: Why Not Have It All?

If you have a child with disabilities, it is crucial to set money aside for the child’s future. At the same time, you need to consider your child’s access to public benefit programs such as Medicaid and Supplemental Security Income (SSI), as well as the state and...

Making Year-End Gifts to Special Needs Family Members

The end of the year is approaching and the holidays will soon be in full swing, a time when many people are getting ready to make gifts to their family members. Not only is this a great way to show love and support to relatives, but it makes tax planning sense....

ABLE Accounts Still Slow to Gain Traction

Only a small fraction of those eligible for new savings accounts for people with disabilities are using them, according to disability advocates. If participation doesn’t pick up – either through better promotion or Congressional action, or both – some of these...

Gift Cards: A New Way to Contribute to ABLE Accounts

People wishing to help someone with special needs save for their future without jeopardizing the recipient's public benefits can now do so using a Gift of Independence gift card. Funds in these gift cards can be placed directly into a person’s ABLE account, which...