Faculty Publications


The ABLE Act: A Powerful Tool for Special Needs Planning

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The ABLE Act has emerged as a hot topic in special needs planning circles — among attorneys, financial planners and insurance advisors. The ABLE Act refers to the Achieving a Better Life Experience Act, a bipartisan piece of legislation signed into law by President Barack Obama in December 2014. It amends Section 529 of the Internal Revenue Code, the portion known to many families as a tax-advantaged savings vehicle for college costs.