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THE ABLE ACT IN MICHIGAN

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Q: What Is The ABLE Act? What Does It Do?

A: The ABLE Act was a piece of legislation passed by Congress in December of 2014. ABLE is an acronym for Achieving Better Life Experience and applies to those with special needs, both minors and adults. Basically, it allows certain people with disabilities to have a special savings account for disability-related expenses without losing their eligibility under SSI, Medicaid and other public benefits.

The Michigan plan is administered through the Michigan Department of Treasury

Q: Can An Eligible Individual Have More Than One ABLE Account?

A: No. The law only allows for one, and it depends on how each account is set up. For example, the Michigan Department of Treasury is responsible for setting up the ABLE account, but you’re only eligible to set up one such account.

Q: What Is The ABLE Tax Advantage?

A: The ABLE tax advantage applies to an individual with special needs or is disabled and specifies that all contributions to that individual’s account will not be taxable. Although it is not tax-deductible for the person who is making the contribution to the account, it’s not taxable to the recipient.

Q: How Much Money Can Be Deposited Into An ABLE Account?

A: The maximum allowed each year, as of 2016, is $14,000. There is also an aggregate that can be accumulated up to a total of $100,000, which is the maximum allowed over future years. Annually, at present, though, the maximum contribution is $14,000.

Q: How Can An ABLE Account Actually Be Used?

A: The ABLE account can be used for approximately 10 different categories.

  • Education: Funds can be used to assist someone with a disability in furthering their education at the college- or trade-level.
  • Housing: This includes housing for a disabled individual trying to live independently.
  • Transportation: This could be for a motor vehicle or equipment to assist the individual in so using it.
  • Employment training and support.
  • Assistive technology and personal support services, such as equipment needed in the home to assist with standing and walking.
  • Health and medical services: This would be anything for prevention and wellness.
  • Financial management and administrative services: This could include the services of a fiduciary, such as a financial planner, to oversee the individual’s account and ensure that the funds will be available for the future.
  • Legal fees, such as expenses for oversight in monitoring the individual’s legal affairs.
  • Funeral and burial expenses.
  • There is a catch-all category that includes any expenses that may be identified from time to time in the future that could be related to the needs of the disabled individual.

What our clients say about us

We appreciate the opportunity to help you get the benefits you deserve

Let me just say this If I had my way Cliff would be the only Disability Lawyer out here.  I've fighting for Disability SSD long before the yr 2006 to be turn down's. I was just about to give up then one day I took very ill was admitted in U of M Hospital for 5 days, I ask for a Disability Attorney and the social gave me Cliff ,the best thing Ever!!

ShaTina Treasvant

I am very happy with choosing Cliff Weisberg for my Social Security lawyer, Cliff and his staff were very professional and pleasant to work with. I highly recommend his services. Thank You.!

Dave Moore

I am so very pleased with my experience here. Mr. Weisberg was patience and always pleasant. I hardly ever spoke with his staff as I completed all paperwork in a timely fashion. I would definitely give this law center 5 stars. Mr. Weisberg I really appreciate your hard work on my behalf

Stacey C.

Mr Weisberg is the most professional and experienced lawyer I have ever had the privilege of meeting. His attention to detail and preparation ended in a fully favorable decision for me. I would recommend him to anyone seeking help with social security disability. he truly is the best there is.Thank you Sir!

Paul Simonson

Cliff Weisberg & the whole team, is the winner of the 'gold star' in my opinion. I had no luck with the disability process on my own. Having talked to Cliff, it was like baking a cake. I followed the steps, my disability was granted. I appreciate their office, more than words can say. Make the call to Cliff.

Shelle Heether

Mr. Weisberg is extremely knowledgeable and helpful when it comes to navigating SSI procedures. If it wasn't for Mr. Weisberg I am confident I never would have been accepted for disability.

Jahandre Wilson