The Achieving a Better Life Experience (ABLE) Act represents one of the most significant advancements in disability-related financial planning in recent decades. By allowing eligible individuals with disabilities and their families to accumulate resources in tax-advantaged accounts without jeopardizing critical public benefits. Yet, despite their growing availability across the states, ABLE programs remain underutilized and often misunderstood. Many practitioners, beneficiari

An ABLE account is a great tool in estate planning for families with disabilities. While it does not replace a Special Needs Trust (SNT), it can be used alongside one to provide more flexibility and support. Many families choose to use both an ABLE account and an SNT . The ABLE account is typically used for daily expenses and personal spending. Meanwhile, the SNT is used for larger gifts or inheritances, and for long-term financial planning that requires more structure and co

Moving real estate into a Special Needs Trust can protect a loved one’s long-term future and government benefits, but it can also create costly capital-gains tax issues or expand Medicaid’s right to reimbursement. The difference often comes down to timing and trust design. These three questions can help you navigate this complex decision and help you avoid costly mistakes: Question 1) Is it a First Party SNT or a Third Party SNT? Before you transfer a house into a Special Nee