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 [...]
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 [...]
Question: I wonder if money from an ABLE account could be used to pay rent for a disabled child while they are waiting for public housing or a Section 8 voucher. Response: Yes, an ABLE account [...]
Question: My cousin’s only son, David, who is 33 years old, just received notice that he has qualified for SSDI, retroactive for a year and a half. He had a brain tumor at age 12. The good [...]
In 2014, Congress passed the much-anticipated Achieving a Better Life Experience (ABLE) Act to permit the creation of savings and investment accounts for people receiving public benefits and [...]