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The ABLE Act and Its Impact on Special Needs Planning

The ABLE Act and Its Impact on Special Needs PlanningRusso Law Group, P.C. is pleased to share this article on behalf of guest author Robert P. Mascali, Esq.

In December 2014, the Achieving a Better Life Experience (ABLE) Act was signed into law, adding to the toolkit for practitioners advising elderly and disabled clients. The ABLE Act allows contributions to be made to tax-advantaged ABLE Act 529A accounts to pay qualified expenses for disabled individuals.

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Understanding the Impact of SSI Benefits on other Benefits

Beware: Increased Child Support May Mean Decreased or Lost SSIIt is a little-known but important fact that receiving benefits of one kind can affect benefits of another kind, sometimes adversely.

Take the case of Sally and her son, Paul. Sally is a constant advocate for Paul, who has special needs. Paul is currently receiving Medicaid and Supplemental Security Income (SSI). Sally is also receiving Medicaid.

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