For over 27 years, an independent voice
for South Dakotans with disabilities.
How is an ABLE account different than a special needs or pooled trust?
An ABLE Account will provide more choice and control for the beneficiary and family. Cost of establishing an account will likely be considerably less than either a Special Needs Trust (SNT) or Pooled Income Trust. With an ABLE account, account owners will have the ability to control their funds and, if circumstances change, still have other options available to them. Determining which option is the most appropriate will depend upon individual circumstances. For many families, the ABLE account will be a significant and viable option in addition to, rather than instead of, a Trust program. For more information, the webinar on ABLE Accounts, Trusts, Financial and Benefits Planning (http://ablenrc.org/events/webinar-able-accounts-trusts-financial-and-benefits-planning) is archived on our website along with its slides and transcripts.
How will I know Which State ABLE Program is Right for me?
As of January 2018 there are over 30 ABLE programs nationwide inviting eligible individuals to open an ABLE account, most of which are enrolling individuals regardless of their state of residence. When comparing State ABLE programs you may want to consider a variety of questions in order to find a program that best meets your needs.
For a more detailed understanding of how you can begin to compare programs and things to thank about when preparing to open an ABLE account, please click here (http://ablenrc.org/about/becoming-able-ready).
To learn more go to: ABLE National Resource Center
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