Can You Use Money from a 529 Plan to Help Your Child with Special Needs?
If you began saving money for your child’s education in a 529 plan, you probably were planning to use that money on your child’s education at some point in the future. For children with special needs, money for expenses related to their special needs may be needed...
Required “Pay Back” for Illinois ABLE Accounts: What You Need to Know
You may have heard that the state of Illinois changed the ABLE account laws to remove the required “pay back” when an account beneficiary dies. Families of people with ABLE accounts may think this change will help them. Unfortunately, the change does not apply to most...
ABLE Accounts: What’s New in 2018?
Due to new tax laws passed in 2017, individuals with special needs can make more contributions to their ABLE accounts than they could in the past. ABLE accounts are special savings accounts that have tax advantages. They can be established for people with special...
A Guardian’s Rights and Responsibilities in Illinois
In Illinois, guardians for people with special needs have specific rights and responsibilities to meet. If you have become a guardian or are considering a guardianship for your adult child, take some time to learn about what a guardian must do. Guardian of the Person...