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Kids With Special Needs and Disabilities
Reply to "Things to consider for a teen with special needs before age 18:"
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[quote=Anonymous] I happened to look at my listing which I did before a lot of information was out on ABLE accounts. I think you should read up on this option as one might be able to transfer assets into such an account for the benefit of the disabled adult at the rate of $14,000 a year to qualify for benefits such as SSI and Medicsidvin time. There is no "look-back" period in this kind of transfer of assets based on the rules of the ABLE account. It is also good to do a search on ABLE Account versus Specisl Needs Trust as these are different vehicles, both of which might be considered in Future Plsnning. [/quote]
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