Deposit Up to $19,000 in Your ABLE Account in 2025
The annual contribution limit for an ABLE account each year typically goes up in line with the annual gift tax exemption.
Estate Planning for Parents of Children With Mental Illness
Planning for the future of a child with mental illness involves careful consideration of their unique needs and circumstances.
A Comparison of Special Needs Trusts and ABLE Accounts
Every family has different needs and circumstances when assessing whether a special needs trust or ABLE account is the better option for their loved one with disabilities.
Have a Disability? Avoid IRA Early Withdrawal Penalties
The early withdrawal penalty has been very effective at forcing retirement plan owners to keep money in their retirement accounts, but if a retirement account owner becomes disabled, the IRS will waive the 10 percent early withdrawal penalty.
I Don’t Need SSI or Medicaid. Why Get a Special Needs Trust?
There are many benefits to having a special needs trust that go far beyond the ability to maintain eligibility for SSI or Medicaid. For example, although Social Security Disability Insurance does not have asset or income requirements, this does not mean that SSDI beneficiaries should not have special needs trusts.
The Exceptional Family Member Program (EFMP)
Military members who have a dependent living with a disability may face unique challenges. Their loved one may need special medical care or tailored educational services. The Execptional Family Member Program provides support for these families.