Every adult with people and assets to protect needs a plan to protect loved ones in the event of incapacity or death. And what better example of a person with people to protect than the parent of a minor child?…
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The Achieving a Better Life Experience (ABLE) Act of 2014 had a huge positive impact on some people with disabilities. The legislation allowed them to work and save – without losing vital government benefits. Prior to the legislation, benefits such…
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Effective January 1, 2022, the maximum annual contribution to an ABLE account is $16,000 (up from $15,000). Florida was among the first states in the nation to establish ABLE saving accounts. ABLE is the acronym for “Achieving A Better Life…
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The American Association for Long-Term Care Insurance reports that as of January 1, 2020, 7.5 million Americans have some form of long-term care insurance. If you are thinking about purchasing a long-term care insurance policy, you should take into consideration…
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Dementia care expert Teepa Snow is making several presentations in our area this month. An occupational therapist with over 40 years of experience, Ms. Snow helps families and professionals understand how it feels to live with a neurodegenerative disorder. Her…
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In prior blog posts we told you about the ABLE (Achieving a Better Life Experience) Act. The 2014 legislation allows individuals with qualifying disabilities to save in tax-advantaged accounts. The main advantage of the account is that it allows eligible…
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On November 2 a Los Angeles judge is scheduled to decide who will serve as guardian for Tim Conway: His wife of 33 years, Charlene, or his daughter from his first marriage, Kelly Fusco. The case has been postponed until…
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As we reported earlier this year, Congress passed legislation in 2014 authorizing the establishment of tax-free ABLE accounts (acronym for “Achieving a Better Life Experience”). The ABLE program permits a disabled individual to maintain assets above $2,000, the current limit…
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The recently passed ABLE Act (“Achieving a Better Life Experience”) amends section 529 of the IRS code, allowing people with disabilities to save for the future and still be eligible for means-tested federal benefits. Prior to passage, special needs individuals…
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