The ABLE Act — Uses And Limitations For Persons With Disabilities And Their Families
Dennis C. McAndrews, Esq.
At the end of the 2014 Congressional session, Congress passed, and the President signed, the Achieving a Better Life Experience Act, otherwise known as the ABLE Act. The plan was first introduced to Congress in 2006, and was intended to substantially mirror, for persons with disabilities, the provisions of 529 Plans, which provide for individuals who attend post-high school education programs. However, in the years before the ABLE Act became law in late 2014, the original Act was amended in many significant ways, which are critical to understanding the limitations and proper uses of ABLE Plans.
