The journey to get here has been challenging and rewarding. You couldn’t be prouder of your child for successfully navigating an educational system that simply wasn’t built for him or her. You are both grateful for the services and benefits that have made it possible to succeed. And, this isn’t the end. The next step may be college. Your child may feel ready to take the intimidating plunge of life away from home, but the unknowns are many. .
If you’ve ever been faced with managing the details of administering a deceased loved one’s estate, you appreciate how confusing and stressful the entire process can be. You probably never told yourself, “I wish my relatives had done less planning.” In fact, the more detailed and thoughtful an estate plan is, the clearer and easier it will be to follow the individual’s wishes after death.
As a parent or guardian of a child with special needs, you’ve meticulously planned and provided for your child’s educational and care needs. Then, one day, it hits you. All too quickly your child is a teenager on the cusp of adulthood. What does life look like as your child enters those adult years? The answer will depend heavily on how you and your child plan for that future. Transition planning for life after school takes careful thought .
The Achieving Better Life Experience Act (ABLE), was signed into law on December 19, 2014. Once a state has passed legislation implementing an ABLE account program and the Treasury Department issues regulations, persons with disabilities may own and control one tax-exempt savings account for the payment of qualified disability-related expenses. ABLE account funds generally will not count toward income and resource limits for federal .