When planning for children with special needs, it takes special care to preserve their eligibility for public benefits. An ABLE account is a new way to preserve eligibility while gaining tax advantages. Read this article by my friend and colleague Steve Hartnett to learn more about this new tool in planning for those who were disabled by age 26. As of this date, California’ ABLE account program has not been fully implemented. However, it is expected to be fully operational sometime during 2018. In the interim, you can establish an ABLE account in another state, e.g., Ohio, and then move it to a California institution once our state’s program is operational
A Special Option for Special Kids
Timothy P. Murphy
Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
Latest posts by Timothy P. Murphy (see all)
- There are Many Ways to Qualify for Medi-Cal to Pay for Long Term Care - March 20, 2019
- Probate Avoidance Made Easy (part 2 of 2) - March 18, 2019
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