ABLE

This guide was written to help you understand Maryland ABLE. It is a resource developed by the Maryland Developmental Disabilities Council. Understand the Maryland ABLE program so you can know if it is right for you!

ABLE accounts allow individuals who receive benefits to maintain those benefits while building assets in a tax advantaged account. This session will provide an overview of the ABLE Act, a look at the features and specifications of the Maryland ABLE plan, information on treatment of account funds, and an opportunity for questions and answers.

In this PPMD webinar, guest speaker Mr. Stephen Elville discussed Special Needs Trusts and ABLE Accounts, the benefits and drawbacks of both and what are the questions every family should ask before opening these accounts.