Rubin Law Shares More on the ABLE Act

February 26, 2015

The ABLE Act, which creates a new type of tax-free savings account to be used for special needs expenses, was signed into law in December 2014. In the two months since the law's inception, experts have analyzed the benefits and detractions of the act to determine how it will affect the financial futures of individuals with disabilities. Earlier this month, we shared CIF Resource Partner Oak Wealth Advisors' update about the ABLE Act. Another CIF Resource Partner, Rubin Law, offers a comprehensive look at the law, including a side-by-side comparison of ABLE Act accounts and other special needs accounts available.

Rubin Law's document about the ABLE Act cautions readers about the many restrictions tied to the accounts, offering a chart of alternatives that families of individuals with disabilities should also investigate. "ABLE is definitely another 'tool' to consider, but only makes sense in very few situations," Rubin Law writes. Read the complete document here to get their full perspective and more information on this new law.

Rubin Law is available to present to groups about how and when an ABLE Account could be useful when used along with other required special needs planning. To learn more about Rubin Law's special needs legal and future planning services, visit www.rubinlaw.com.

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