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Law Office of
Eric M. Kearney, LLC
Guardianship | Medicaid | Special Needs
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An ABLE Account Could Be a Great Place for Your $1,400 Relief Payment
President Biden has signed the $1.9 trillion American Rescue Plan into law. Among its benefits are $1,400 checks that are already...
erickearney
Apr 2, 20213 min read
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Should you Transfer 529 Plan Funds to an ABLE Account?
Things to consider when deciding whether to transfer money from a 529 plan to an ABLE Account.
Eric Kearney
Nov 12, 20193 min read
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Gift Cards: A New Way to Contribute to ABLE Accounts
A Gift of Independence gift card is a new way to honor, celebrate, reward or support a member of your family, a friend, a co-worker or a nei
Eric Kearney
Jun 4, 20192 min read
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HUD Publishes Letter Regarding ABLE Accounts
At long last, HUD has published a letter confirming that ABLE Accounts (and money coming in and out of them) will not adversely affect...
Eric Kearney
May 4, 20191 min read
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What is an ABLE Account?
An introduction to ABLE Accounts - what they are and how they can be used to help improve the lives of people receiving means-tested benefit
Eric Kearney
Feb 1, 20192 min read
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Social Security Administration Updates SSI Resource List to Include SNTs and ABLE Accounts
The Social Security Administration’s Understanding Supplemental Security Income (SSI) website is a recently updated reference for...
erickearney
Apr 3, 20181 min read
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New Guidance on ABLE Accounts
New POMS regarding ABLE accounts have come out and can be found here: https://secure.ssa.gov/poms.nsf/lnx/0501130740 Below is an excerpt...
Eric Kearney
Mar 8, 20182 min read
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New Tax Law Makes Changes to ABLE Accounts
Families taking advantage of ABLE savings accounts will have a little more flexibility in planning for special needs as a result of the...
Eric Kearney
Jan 3, 20182 min read
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ABLE account aggregate annual contribution raised to $15,000 nationally
The IRS has confirmed an increase to Section 2503, the federal gift tax exclusion. Section 529A(a)(2) of the Stephen Beck Jr. Achieving a Be
Eric Kearney
Nov 3, 20172 min read
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Impact of ABLE Funds on Needs-Based Public Assistance - HUD
The ABLE Act explicitly addresses how funds in an ABLE account impact SSI and Medicaid eligibility, but what about HUD? Even though...
erickearney
Oct 8, 20172 min read
700 views
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CMS Guidance on ABLE Accounts
At long last the Centers for Medicare & Medicaid Services (CMS) had provided guidance to states on how to treat “ABLE” accounts in...
Eric Kearney
Sep 13, 20171 min read
114 views
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Five Practical Uses for an ABLE Account
ABLE accounts, the new tax-free savings accounts for people with disabilities, can be used in many ways to make a big difference to families
erickearney
Aug 3, 20174 min read
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Establishing an ABLE Account
If you or a family member are disabled (per social security standards) and the onset of the disability was prior to the age of 26 you may...
Eric Kearney
May 23, 20172 min read
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New USDA Regulation Confirms ABLE Fund Protection
USDA regulation confirms that ABLE account funds will not affect SNAP benefits.
erickearney
Feb 10, 20171 min read
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Oregon ABLE Account Launched
The Oregon ABLE Account program launched today. Check out the website to learn more about how to incorporate this new tool into your existin
erickearney
Dec 6, 20161 min read
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Oregon ABLE Accounts Coming Soon
ABLE accounts are coming soon to Oregon! Oregonians will be able to establish Oregon Able Savings Plan Accounts in early December 2016....
erickearney
Oct 11, 20161 min read
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ABLE Accounts Now Available in Four States; Three Are Open to Out-of-State Beneficiaries
Two years after the passage of the Achieving a Better Life Experience (ABLE) Act, four states -- Florida, Nebraska, Ohio and Tennessee -–...
erickearney
Oct 1, 20161 min read
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