OPPORTUNITIES FOR ABLE ACCOUNTS ARE BETTER THAN EVER
by: Begley Law Group
The law known as the Achieving a Better Life Experience (ABLE) Act has been substantially amended to provide additional opportunities for individuals with disabilities. The major opportunity is that prior to the amendments, an individual was not eligible to open an ABLE account unless his or her disability occurred prior to age 26. Now, this has been increased to age 46. Far more people should qualify. The other significant change is that the COLA increase for an ABLE account for 2026 has been increased to $20,000.