Host Meghan (Smallwood) and (Patrick Cadigan) discuss estate planning for individuals with disabilities, focusing on ABLE accounts and special needs trusts. They review how ABLE accounts, available in over 45 states, can be used for various expenses like transportation, medical bills and education. They also cover how a special needs trust is managed by attorneys to ensure funds are used for a beneficiary's sole benefit and other useful information. Join the conversation!
Episode Keywords:
estate planning, ABLE account, special needs trust, SSI, Medicaid, financial management, disability, public benefits, assistive technology, guardianship, power of attorney
Links:
IRS- ABLE Accounts Information (site)
ABLE National Resource Center (site)
Special Needs Trust Information (site)
Maryland (specific) Links/Supports:
Maryland ABLE Accounts (site)
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Intro/Outro music by AudioCoffee from Pixabay.
Transition music by Joseph McDade from Transistor.
