ABLE programs (Achieving a Better Life Experience) provide a tax-advantaged way, similar to 529 education savings programs, for individuals with a disability to save and invest for a wide variety of qualified ABLE expenses, including basic living expenses, health, and wellness expenses.
ABLE accounts can be an important part of special needs planning to help clients meet the challenging needs of living with a disability or assisting family members with a disability. The more people are aware of the benefits of an ABLE accounts and how they can complement special needs trusts and federal and state means-tested benefits, the more inclined they are to learn more and open an account.
Register for this important webinar that features experts from ABLEAmerica and the Capital Group | American Funds. ABLEAmerica is the only advisor-sold ABLE program and is a companion disability savings program to the 529 industry leader, CollegeAmerica. Both programs are offered by the Capital Group | American Funds in partnership with Virginia529.
The learning objectives for this session are:
• Discover how an ABLE account can help special needs clients
• Learn ABLE account eligibility requirements and their impact on SSA and Medicaid
• Discover the differences between ABLE accounts and Special Needs Trusts
• Understand qualified expenses for ABLE accounts and tax benefits
• Identify gifting and estate planning strategies for special needs clients
*CE Eligible: One CE credit will be submitted to the CFP Board on behalf of attendees. Complete certificates are also provided to attendees for self- reporting for those with American College designations (CLU, CHFC and RICP), CIMA and NAPFA members.
*CPE Eligible: Participants will earn 1 CPE credit and will receive a completion certificate for self-reporting their credit.
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
NASBA Approved
Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.