What is CalABLE and How Can It Help with Financial Planning?
ฝัง
- เผยแพร่เมื่อ 25 มิ.ย. 2024
- Have you wondered how having an Achieving Better Life Experiences (ABLE)
account, or a California Achieving Better Life Experiences (CalABLE) account, could benefit your loved one’s financial planning. Well wonder no more …
Individuals with a disability that occurred before they turned 26 years old are eligible to open an ABLE account, called CalABLE in California. Recent legislation increases the eligibility age of beneficiaries of ABLE accounts from the onset of disability before age 26 to age 46 - beginning January 1, 2026.
Please join Ken Prodger and Scott Gill of Special Needs Planning Group as they discuss:
- The benefits of opening an ABLE or CalABLE account with your loved one as the beneficiary
- What can funds in an CalABLE account be used for?
- Does having a CalABLE account affect receiving public benefits like Medi-Cal or Supplemental Security Income?
- Who can open and contribute to a CalABLE account for an eligible beneficiary?
This is a Connections California event, a project of Parents Helping Parents - Silicon Valley. Connections California is in part sponsored by the San Andreas Regional Center and the California Department of Developmental Services.
#CCA
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Parents Helping Parents, www.php.com/, supports and trains you to help your family members with a disability, including learning differences, chronic illness, mental health challenges, developmental or intellectual disabilities, physical disabilities, and more, at all stages of a person’s life.
PHP serves families in Santa Clara, San Mateo, Santa Cruz, Monterey & San Benito counties in California. Multilingual staff is always available by contacting info@php.com. PHP is a non-profit 501(c)3 agency. Most services are free.
If you live outside the Silicon Valley area, there are similar parent centers in California and every state in the US. Find a parent center near you: www.parentcenterhub.org/find-....
Parents Helping Parents (PHP) is a nonprofit organization that provides information, training, individual assistance, and resources. PHP is not a law firm or legal service agency, and as such, the information contained in this video is provided to inform the viewer, but should not be considered legal advice. For legal advice, you should consult an attorney.
