What Does the ABLE Act of 2014 Do?

by Feb 19, 2015Advocacy, Special Needs Parenting0 comments

The ABLE Act of 2014 received a great deal of fanfare when it passed in December. But what, many parents of kids with special needs are wondering, does it actually do? How can it stretch savings for our kids with disabilities? And who can we consult to find answers to our questions as time goes on? Because I’m not a special needs attorney or financial expert, I won’t attempt to answer those questions. Instead, I’ll point you to resources that provide better answers than I can.

What Does the ABLE Act of 2014 Do?

To find answers, reading a government summary of the ABLE Act of 2014 is a good place to start. But, if that little peek doesn’t answer all your questions–which it’s not meant to do–here are a few articles written since the bill passed. They do an excellent job of clarifying the vocabulary and highlighting the main points of what the bill does.

 

Who to Consult about the ABLE Act of 2014?

While articles are a good place to begin research about the ABLE Act, they aren’t the place to end it. Before making any decisions, parents should consult a financial planner or investment professional who has extra training in special needs matter or a special needs trust attorney. You can begin the search at Special Needs Alliance. This non-profit organization offers a broad variety of special needs financial articles and has a state by state special needs attorney locator.

What Have You Learned about the ABLE Act of 2014?

Perhaps you’ve already begun researching the ABLE Act and can point readers to more resources. Please feel free to share what you know in the comment box. We’ve all got a lot to learn.

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By Jolene

Jolene Philo is the author of the Different Dream series for parents of kids with special needs. She speaks at parenting and special needs conferences around the country. She’s also the creator and host of the Different Dream website. Sharing Love Abundantly With Special Needs Families: The 5 Love Languages® for Parents Raising Children with Disabilities, which she co-authored with Dr. Gary Chapman, was released in August of 2019 and is available at local bookstores, their bookstore website, and at Amazon.

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Meet Jolene

Jolene Philo is a published author, speaker, wife, and mother of a son with special needs.

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