Understanding Maryland ABLE Accounts and How They Benefit Your Loved One With Special Needs
Maryland ABLE accounts help families and their loved ones with disabilities save for the future without jeopardizing federal, state and local benefits. Kelly Nelson, Outreach and Communications Manager from Maryland ABLE, shares by webinar the following:
the eligibility criteria and enrollment process;
features of an ABLE account and the account management process;
tax-free savings and tax-free withdrawals for qualified disabilities expenses; accessing a Maryland state income tax deduction for contributions; and,
how an ABLE account can be used in collaboration with a Special Needs Trust
This webinar is open to clients, the general public, and financial advisors. 1.5 continuing education hours will be offered for CPAs, CFPs, and other professionals for attending this presentation.