News & Analysis as of

Estate Planning › ABLE Act

Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the... more +
Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process.  less -
Adler Pollock & Sheehan P.C.

Can an ABLE Account Benefit Your Family?

Adler Pollock & Sheehan P.C. on

A family with a disabled child faces difficult planning challenges. For many years, the most effective estate and financial planning tool for parents of a disabled child was a special needs trust (SNT). This trust type...more

Chambliss, Bahner & Stophel, P.C.

Tips on Creating an Estate Plan that Benefits a Child with Special Needs

Chambliss, Bahner & Stophel, P.C. on

Parents want their children to be taken care of after they die. But children with disabilities have increased financial and care needs, so ensuring their long-term welfare can be tricky. Proper planning by parents is...more

Flaster Greenberg PC

ABLE Savings Registry – The Gift that Keeps on Giving

Flaster Greenberg PC on

ABLE accounts are special, tax qualified disability savings vehicles for seriously disabled individuals, who had a qualifying disability incurred prior to age 26. As long as the rules of the ABLE program are complied with, a...more

Chambliss, Bahner & Stophel, P.C.

Who Can Set Up the ABLE Account?

Chambliss, Bahner & Stophel, P.C. on

ABLE accounts, new tax-free saving accounts for people with disabilities, hold great promise for special needs planning. But among the many questions surrounding ABLE plans is who can open accounts? Only the person with a...more

Chambliss, Bahner & Stophel, P.C.

You Can Give Away More Tax Free in 2018

Chambliss, Bahner & Stophel, P.C. on

After staying the same for five years, the amount you can give away to any one individual in a particular year without reporting the gift will increase in 2018. ...more

Adler Pollock & Sheehan P.C.

ABLE accounts benefit disabled family members

Adler Pollock & Sheehan P.C. on

For families with disabled loved ones who are potentially eligible for means-tested government benefits such as Medicaid or Supplemental Security Income, estate planning can be a challenge. One potential tool is to open a...more

Adler Pollock & Sheehan P.C.

Insight on Estate Planning - October/November 2017

Adler Pollock & Sheehan P.C. on

In This Issue: - Social Security benefits When is the right time to begin receiving payments? - Planning ahead after a divorce - ABLE accounts benefit disabled family members - Estate planning pitfall: You chose...more

Adler Pollock & Sheehan P.C.

Insight on Estate Planning - August/September 2015

Adler Pollock & Sheehan P.C. on

In This Issue: - Premarital planning: Protecting your assets without a prenup - The ABLE account: A good alternative to a special needs trust? - Make net gifts to reduce your gift tax rate - Estate Planning...more

8 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide