Are You ABLE to Help?
Maybe it’s your child, your grandchild or even your sibling who needs extra help. Have you considered an ABLE Account? ABLE Accounts are meant to be used in addition to government benefits and are specifically designed not to jeopardize those benefits.
The ABLE (Achieving a Better Life Experience) Act of 2014 was enacted with the purpose of encouraging and assisting individuals and families in saving private funds for supporting individuals. These accounts are wonderful, but also wonderfully complicated. You must be careful when planning.