ABLE Account Information

The IRS has released final regulations on tax-free savings accounts that allow people with disabilities to pay for disability-related expenses without jeopardizing government benefits.

If an ABLE account has been set up for a person with special needs, what happens to the account if the beneficiary no longer qualifies as “disabled” according to IRS regulations due to medical improvement or inaccurate diagnosis?...

When an SSI beneficiary finds out that they will receive an inheritance, their first reaction may be to refuse it. But this refusal, also known as a "disclaimer," might worsen things for the beneficiary.