Special Needs News | January 2025
A Comparison of Special Needs Trusts and ABLE Accounts
Every family has different needs and circumstances when assessing whether a special needs trust or ABLE account is the better option for their loved one with disabilities.
Estate Planning for Parents of Children With Mental Illness
Planning for the future of a child with mental illness involves careful consideration of their unique needs and circumstances
Have a Disability? Avoid IRA Early Withdrawal Penalties
The early withdrawal penalty has been very effective at forcing retirement plan owners to keep money in their retirement accounts, but if a retirement account owner becomes disabled, the IRS will waive the 10 percent early withdrawal penalty.
Deposit Up to $19,000 in Your ABLE Account in 2025
The annual contribution limit for an ABLE account each year typically goes up in line with the annual gift tax exemption.
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