A Special Option for Special Kids

A Special Option for Special Kids

Parents of special needs children in many cases will establish a Special Needs Trust, in an effort to shield any assets the children may inherit from disqualifying the children from public benefits.   Another notable tool is an ABLE account, which is a savings account that benefits individuals with disabilities.  A donor in 2018 may now contribute up to $15,000 annually to the account.  Funds from the account can be used for a comprehensive list of expenses, while preserving the beneficiary’s financial eligibility for certain government benefits.

Posted by Wendy VanCleve on 2/13/2018: A Special Option for Special Kids
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