What’s New With ABLE? 2021 Update

Protecting your loved one's means tested benefits is an ongoing task. It's important to stay abreast on the legislative, tax, and plan changes affecting ABLE accounts and the resulting impact on your current ABLE strategy and overall special needs financial plan.

Perhaps you're an ABLE pro in need of a refresher, or maybe you've heard of ABLE but aren't well versed on the important fundamentals that make this account so powerful! This webinar is designed to be insightful, informative, and valuable for all knowledge levels.

Agenda:

  • ABLE account basics.

  • 2021 ABLE plan changes.

  • Medicaid payback updates.

  • ABLE investment options and performance review .

  • ABLE tax reminders and changes.

  • Using the pre-paid cards: tips, tricks, and reminders.

  • ABLE audit results from Social Security, Office of Inspector General.

  • Pending ABLE legislation and possible upcoming plan changes.

  • And more!

Avoiding Common Pitfalls When Giving To A Special Needs Loved One

The season of giving is upon us and this means your special needs child or grandchild may be receiving gifts from well meaning family members or friends. This might come in the form of money left to them for their current or future benefit. To ensure the protection of their means tested benefits, we will walk through all the tools available from 529, ABLE, and UTMA accounts to life policies and special needs trusts. Each of these vehicles can serve a unique and life enhancing role for your special needs loved one. Join us for this information packed webinar and learn how!

Topics Discussed:

  • Protecting needs-based benefits when giving to a child or grandchild

  • 529 College account vs. ABLE Account: Pros and Cons

  • What to tell family members about leaving assets to a special needs child in estate planning documents

  • Important considerations about custodial (UTMA) and joint accounts for kids

  • ABLE accounts versus special needs trusts

  • Tax planning benefits and considerations when gifting, giving or contributing

  • And more!

ABLE Account Planning for Professionals

ABLE Accounts allow your clients with disabilities to save for their everyday needs, invest in a tax-advantaged account and prepare for the future without jeopardizing their needs based benefits (SSI, Medicaid). It's a powerful tool that is still underutilized by those who could benefit most! This webinar will dive into the details on ABLE accounts that are most relevant to attorneys, CPA's and other community professionals to better equip you in serving your clients!

  • Federal and State Tax Benefits of ABLE Accounts

  • 2020 ABLE Account Changes (Oregon HR Bill 2165)

  • Case Studies: Using ABLE Accounts in a Planning Situation 

  • Medicaid Payback Details 

  • Special Needs Trusts and ABLE Account Comparison

  • ABLE Investment Options and Fees

  • Detailed Discussion Contributions and Disbursements 

  • Tax Cuts and Jobs Act 2017 changes on ABLE Accounts

  • Possible ABLE Legislative Changes on the Horizon

  • And more!

Proactive Planning For the Future Using ABLE Accounts and Special Needs Trusts

In partnership with Brad Franklin and 'Every Body Athletics', we're excited to present Proactive Planning for the Future Using ABLE Accounts and Special Needs Trusts. This webinar will provide in-depth information regarding the importance of ABLE Accounts and special needs trusts when it comes to your family's planning.

Special needs trusts are an important part in building the foundation of a successful special needs plan. Special needs trusts allow family members to leave money to a trust for the benefit of a disabled loved one without impacting their eligibility for needs based benefits. Cool concept, huh? Well in this webinar, we'll cover the important aspects to allow you to better plan for the future.
 

Passing of the ABLE Act legislation in 2014 was a monumental win for individuals with disabilities. Learn how ABLE Accounts can help people experiencing disability by allowing them to save for their future without losing eligibility for their needed government benefits. In addition, this has become an important planning tool for families as they build a support plan for their  child.

  • Learn the key differences between Special Needs Trusts and ABLE Accounts.

  • How to set up a special needs trust

  • What can the money from a Special Needs Trust be spent on?

  • Tax benefits of ABLE Accounts.

  • Who is the trustee, and what are their duties?

  • What are the investment options for an individual with an ABLE Accounts

  • Important considerations for leaving money to a SNT