What Parents Need to Know About ABLE Accounts

This informative graphic about ABLE accounts, which are tax-advantaged savings accounts for individuals with disabilities, was created for Hazen Law Group by the CLM team. It outlines key provisions of ABLE accounts such as eligibility criteria, contribution limits and disability requirements. Tax advantages specific to Pennsylvania are noted, including protection from inheritance tax and creditor protection. The graphic also contrasts ABLE accounts with special needs trusts, noting differences in benefits protection and repayment obligations.

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