The Achieving a Better Life Experience (ABLE) Act of 2014 will soon allow individuals to incorporate
STABLE accounts in their
estate plans for
disabled family members. The accounts will allow family members to save money to be used by the disabled family member throughout their life without losing eligibility for government benefit programs. The account earnings will grow tax-free as long as they are utilized for qualified expenses. In order to establish a STABLE account, the individual must have been disabled before 26 years old and entitled to benefits under the SSI or SSDI programs.
