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Tag Archives: ABLE Act

Understanding the role of ABLE Accounts in special needs plans

Able Accounts Can Play a Key Role In Special Needs Plans

By Andre O. McDonald |

Special needs plans that utilize ABLE accounts can enhance quality of life for people with disabilities, offering financial protection while preserving access to public benefits for some individuals.  Living with a disability can present numerous financial challenges. Many people with disabilities bear the costs of health care, accessible vehicles, assistive technologies, and more. According… Read More »

How an ABLE Account helps families afford disability-related care

How An ABLE Account Can Help Boost Your Financial Health

By Andre O. McDonald |

For many people with disabilities, maintaining financial well-being can prove particularly challenging amid the marginalization, societal stereotypes, and employment and health care barriers they may regularly face. This includes anything from inaccessible workplaces to reduced income to limited options for building up their savings. Financial Health of People with Disabilities According to a new report,… Read More »

What You Need to Know About the ABLE Act and special needs planning

Five Things You Need to Know About the Recently Enacted ABLE Act

By Andre O. McDonald |

On December 19, 2014, President Obama signed the Achieving a Better Life Experience Act (ABLE Act) into law. The ABLE Act will allow special needs individuals or certain individuals with disabilities to establish tax-free savings accounts that can be used to cover expenses not otherwise covered by government sponsored programs. These accounts can be… Read More »

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For help with estate planning, special needs planning or elder law throughout Howard, Montgomery, Prince George’s, Anne Arundel, and Baltimore County; and Baltimore City, contact McDonald Law Firm, LLC.

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