Downs Law Firm, P.C.
Anyone can contribute to a person’s ABLE account, but there are federally-mandated annual contribution limits. In 2019, the total annual contributions that an ABLE account can receive from all sources is $15,000.
While a will is one of the most important estate planning documents you can have, there are things that a will won’t cover.
Navigating the often complex world of inherited individual retirement accounts (IRAs) can be daunting, especially in the wake of losing a loved one.
There are times when it makes sense to leave more to one child than another.
If you have a child or grandchild with disabilities, one of your biggest worries is what will happen when you are no longer around to provide aid.
ABLE accounts are a way for people with disabilities to save and spend money, while protecting their access to public benefits.
Trusts give parents of special-needs children additional options for extending care and financial assistance. However, you might need some expert help.
When you hear the word trust fund, you might think of wealthy kids a big chunk of cash on their 25th birthday. However, trust funds aren’t just for the rich. They are flexible tools to protect your loved ones.
It is critical that parents and grandparents give careful thought to any gift of money or bequest in an estate plan, when the recipient has special needs.
Both the state and federal government, administered through the Social Security Administration (SSA) and Medicaid, provide disabled individuals with a variety of life enhancing, and sometimes life sustaining, public benefits.
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