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Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
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Archives

Tag Archives for: "ABLE account"
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 How Long Does It Take to Settle ABLE Account After Beneficiary’s Death?
0
By Harry Margolis
In Special Needs Planning
Posted December 9, 2024

How Long Does It Take to Settle ABLE Account After Beneficiary’s Death?

Question: I understand that ABLE funds are subject to pay back if the state chooses to do so. Where a state statute (NJ) gives the state up to 3 years after receiving notice of death of a [...]

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 How are ABLE Account Distributions to Heirs Taxed?
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By Harry Margolis
In Special Needs Planning
Posted May 22, 2024

How are ABLE Account Distributions to Heirs Taxed?

Question: Must a sibling or nephew heir of an of the remaining balance in an ABLE account have to pay taxes on the funds received? The ABLE custodian does report the distribution to the IRS on [...]

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 Can Child’s SSI Benefits be Placed in an ABLE Account?
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By Harry Margolis
In Special Needs Planning
Posted November 1, 2023

Can Child’s SSI Benefits be Placed in an ABLE Account?

Question: Can some or all of an infant’s SSI benefits be directly deposited into the infant’s ABLE account? Would Medicaid disregard those resources in determining eligibility in Virginia? [...]

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 Should I Set Up a Special Needs Trust or ABLE Account for My Inheritance?
0
By Harry Margolis
In Special Needs Planning
Posted March 27, 2023

Should I Set Up a Special Needs Trust or ABLE Account for My Inheritance?

Question: I am having some negative luck with getting advice about trusts. I am on SSDI. My disability, juvenile rheumatoid arthritis began when I was three years old. I am now 62. I applied for [...]

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Wondering if a trust makes sense for you?

This comprehensive guide provides all you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

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(An Amazon Prime Reading selection)

Read Sample Chapters

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