February 20, 2019

How is an ABLE Account different than a Third-Party Special Needs Trust?

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.