Generally, an ABLE account does not replace a Third-Party Special Needs Trust (“SNT”), but rather works in conjunction with an SNT. An SNT can be used to fund an ABLE account, can encompass non-cash assets, requires an attorney to set up, and can be costly. ABLE accounts are flexible, grow tax-free, and are low-cost to maintain.
For more information, visit our ABLE accounts and SNT’s webinar.
Please consult a lawyer if you have additional questions.
