Let’s first define “why” you would want either type of account. One of the main reasons families create a Special Needs Trust and open an ABLE account is because these are the only two accounts in which your child with autism can have money in excess of $2,000 and still qualify for government benefits such […]

Could you describe the changes in the ABLE account rules that were brought about by the new federal tax legislation? As most of you know, the ABLE Act was passed back at the end of 2014 and paved the way for individuals diagnosed with a disability before the age of 26 to save money without […]

Question:  “We have three children, and only one of our children has autism. How do we know the amount of money we need to provide for each of our children?” It is very common to feel uneasy about determining the amount of money that your child with autism may need for a lifetime of support […]

Question: “My husband and I have been researching special needs trust, and we have realized there are multiple types. Would you mind describing the types of special needs trusts that exist and the reasons for each? Answer: You are correct. Special Needs Trust is a broad term that can comprise various types of trusts.  We […]

Question:  It is the beginning of a new year, I want to start saving for my child’s future, and I heard quite a bit about the ABLE Accounts.  Is an ABLE a good account to begin saving in for my child’s future? — Abigail Saving for your child’s future is a great step in helping […]

Question: “I am in the military and heard there is a new benefit for military retirees that can help my child with autism.  Is this true?  If so, what is it?” – Jerry The simple answer to your question is YES.  For those individuals who have served our country for their career in one of […]

rQuestion: “My father is going through early onset Alzheimer’s and I am watching the financial and emotional stress it is taking on him and my mother.  I can only imagine if that happened to my wife and I while we trying to care for our son with autism.  What can we do? — Rick Answer: […]

Retirement planning is an important area of an individual’s and a family’s life.  Proper planning will allow for a better life and one that is usually more enjoyable.  For most folks in the United States, retirement planning includes saving as much money as they can in their 401(k) and maximizing their monthly social security payment.  […]

Question: “As 2016 begins, I am thinking again about planning for my son and his future with special needs.  He is 14 years old, and at this time we are not sure how much support he will need in the future.  His mother and I feel so overwhelmed, but we just don’t know where to […]

Tom asks, “I know there was a question regarding guardianship in a prior issue.  Based upon the questions that were posed in your answer, I am not sure if my daughter will need guardianship, but she may still need some protection.  Are there any alternatives to guardianship?” Tom, thank you for your question.  Your question […]