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ABLE Accounts – Saving for Future Qualified Disability Expenses
There is a relatively new planning technique in Florida that allows persons who were disabled before age 26 to save for future qualified disability expenses. These savings accounts are called ABLE Accounts. It all started in December 2014 when The Stephen Beck, Jr. Achieving a Better Life Experience (ABLE) Act was enacted by Congress. The […]
read more >Special Needs Trust: Protecting an Inheritance without Losing Government Benefits
Many government benefits including Medicaid and Supplemental Security Income (SSI) are means-tested. In other words, eligibility for these benefit programs is restricted on the basis of both assets and income. In addition to other requirements, a person may not have more than $2,000 in countable assets and a couple may not have more than $3,000 […]
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