11min chapter

Everyday Wealth cover image

Season 2 Episode 29: Estate planning for people with disabilities

Everyday Wealth

CHAPTER

Safeguarding the Future: Special Needs Trusts and ABLE Accounts

Exploring the intricacies and benefits of special needs trusts for individuals with disabilities, this chapter emphasizes the importance of estate planning to secure financial support while maintaining government benefits. It covers the differences between third-party and first-party special needs trusts, their limitations, and the implications on government benefits upon the beneficiary's passing. Additionally, it discusses the role of ABLE accounts in providing tax advantages and financial support for individuals with disabilities.

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