Sunday, December 15, 2019

Achieve A Better Life Experience (“ABLE”) Act

estate planning ann arborDo you have a ABLE account setup for your child?
ABLE accounts are beneficial for parents with a special needs child because of the following:
1) Cost-effective to establish
2) Small minimum contributions are tax deductible on a Michigan income tax return
3) Financial independence 
4) Can be commingled with funds from both the parents and the child
5) Contributions can grow tax-free
6) Save money without losing government benefits
Learn more here!

Get Started Today: Schedule Your Consultation!



If you would like to learn more about estate planning services and special needs planning options, contact an estate planning attorney in Ann Arbor today! Attorneys at Pear Sperling Eggan & Daniels, P.C., can help assist you with virtually everything law related. Consult your attorney for details.

Sunday, December 1, 2019

Estate Planning Tools for Special Needs Child

Over the years, the primary estate planning tool for parents with a special needs child was an Amenities Trust. This trust allows parents to provide an inheritance to their child without impacting their child’s eligibility of certain government benefits.
estate planning ann arbor
During the Obama administration, the federal government added another tool for parents with a special needs child called Achieve A Better Life Experience (“ABLE”) Act. An ABLE account is a tax-advantaged account (much like a 529 college savings plan) that helps parents and children save funds for qualified disability expenses. 
Learn more here!
Get Started Today: Schedule Your Consultation!


If you would like to learn more about estate planning services and special needs planning options, contact an estate planning attorney in Ann Arbor today! Attorneys at Pear Sperling Eggan & Daniels, P.C., can help assist you with virtually everything law related. Consult your attorney for details.