Tag Archives for " ABLE Accounts "

How Do ABLE Accounts and Third Party Special Needs Trust Compare?

How Do ABLE Accounts and Third Party Special Needs Trust Compare? https://www.autismparentingmagazine.com/able-accounts-and-special-needs/

Could you compare, from a high level, ABLE accounts and a Third Party Special Needs Trust? From a high-level perspective, ABLE accounts and Third Party Special Needs Trust are the same in one main way, any money positioned in these accounts are not counted as a resource when an individual with a disability applies for […]

Continue reading

Tools You Need to Protect Government Benefits

In our previous Autism Parenting Magazine column, we discussed government benefits and how to access those benefits.  One item we learned was that in order to access the array of services, your child will have to be eligible, which means he/she cannot have countable assets of more than $2,000 in his/her name—and to remain eligible, […]

Continue reading

Can I Open an ABLE Account for My Son Now?

Can I Open an ABLE Account for My Son Now?

Ben asks: “I would like to open an ABLE account for my son (who just got a job and has been accumulating money that is getting close to the $2,000 asset limit) before his benefits are suspended. Can I still open one if my state does not have one yet?” Ben, you ask a very […]

Continue reading