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Season 2 Episode 29: Estate planning for people with disabilities

Everyday Wealth

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Navigating ABLE Accounts and Special Needs Trusts for Individuals with Disabilities

This chapter provides detailed insights into ABLE accounts, eligibility criteria, contribution limits, and their relationship with benefit eligibility, especially in the context of SSI payments. It explores the strategic coordination between ABLE accounts and special needs trusts to manage funds effectively while maintaining benefit eligibility. Emphasizing the importance of professional advice, it also discusses the essential estate planning documents, such as power of attorney and a letter of intent, crucial for individuals with disabilities to secure their future.

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