Monthly Archives January 2015

Alert: Congress Passes New Law to Help Disabled Youth

Alert: Congress Passes New Law to Help Disabled Youth Congress passed, and on December 19, 2014, President Obama signed the Achieving a Better Life Experience Act into law (ABLE Act). This is an incredible step forward for folks who become disabled before age 26. This new law will be an important part of the estate planning for any family with a qualified disabled individual. What is an ABLE account? The ABLE account amends the IRS Code to exempt from taxation a qualified ABLE account set up by a state to pay “qualified disability expenses” for a qualified disabled person. The
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Categories: Article and Medicaid Planning.