Indiana Passes The ABLE Act

If you have a loved one with special needs, then you should know about the ABLE (Achieving a Better Life Experience) Act, which was signed into Indiana law last week.

The ABLE Act is a significant piece of legislation.  It creates a savings program for Hoosiers to allow them to more fully provide for their loved ones with special needs, saving money for disability-related costs without putting their other benefits at risk.

ABLE accounts are similar to college choice 529 direct savings plans. They’re meant to ease financial strain by making tax-free savings accounts available for expenses like education, housing, health care and transportation.

These accounts can be used as a supplementary option to a more comprehensive and individually-tailored estate plan.

Questions about planning for your loved one with special needs?  We can help.

 

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Help for Kinship Caregivers

Many of our wonderful clients are “third party custodians”- often grandparents, aunts, or uncles who are (sometimes unexpectedly) raising little ones with the informal consent of one or both biological parents.

Kinship caregivers sometimes encounter challenges when enrolling children in school, seeking medical treatment, filing taxes, or securing health care insurance.

If you have questions about formalizing your authority to act as a legal custodian of a child, let us know. We can help.

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