Advise Your Clients on the New Options Available to Them
ABLE accounts have emerged as a real alternative to special needs trusts in funding daily expenses without harming means-based benefits. Get the latest information on the state ABLE programs and proposed rules likely to change eligibility. Expand your planning options - register today!
- Get an update on all the state ABLE accounts available today.
- Assess the effects of recent tax laws on the ABLE accounts.
- Coordinate ABLE accounts with benefits eligibility and plan for estate recovery.
- Compare ABLE accounts with special needs trusts and help clients determine what is the best match for them.
2:00 PM - 3:30 PM Eastern Standard Time
Presenter: Michael J. Keenan
- New ABLE Programs and Changes to Existing ABLE Programs
- New Tax Law and its Effect on ABLE Accounts
- Rollovers from 529 Plans to ABLE Accounts: Whose 529 Account Qualifies?
- ABLE Account Beneficiary's Ability to Work
- Proposed Rule Expanding the Definition of "Beneficiary"
- Comparing State ABLE Programs
- Enrollment for Out-of-State Residents
- Initial Minimum Contribution
- Fees/Restrictions to the Number of Distributions Allowed
- How ABLE Accounts Affect Beneficiary's Eligibility for Public Benefits
- Current Limits on Contributions and Total Maximum Amount
- Account Management and Qualified/Nonqualified Expenses
- U.S. HUD Rules Exclusion of ABLE Accounts and Access to Income-Based HUD Programs
- IRS Saver Credit
- ABLE Account vs. Special Needs Trusts: Pros and Cons, Can/Should One Have Both?
This legal update is designed for attorneys. Accountants, tax professionals, trust officers and protectors, elder care professionals, fiduciaries, and paralegals will also benefit.