# Legal & Financial Planning — ABLE Accounts

- [Contact Casey Connealy](https://www.midwestestateplan.com/contact-us/) — *[Casey Connealy, Feb 2023](/sessions/20230219_Casey_Connealy_Estate_Planning/notes.md)*

- [ABLE Savings Plan](https://savewithable.com/ks/home.html) — *[Casey Connealy, Feb 2023](/sessions/20230219_Casey_Connealy_Estate_Planning/notes.md)*

- Created in 2014; it's a 529 (Section 529 of Tax Code) — *[Assured Trust, Sep 2025](/sessions/20250921_Assured_Trust_Legal_Tools/notes.md)*

- Purpose: **"checking account"** for regular expenses of an adult with special needs — *[Assured Trust, Sep 2025](/sessions/20250921_Assured_Trust_Legal_Tools/notes.md)*
    - NOT a store of value (100K cap) — NOT a replacement for a special needs trust
    - Needed because SSI recipients cannot have more than $2K in checking, but CAN have money in ABLE
    - At death, residual ABLE balances may revert to the state

- You can convert a 529 to an ABLE account — *[Assured Trust, Sep 2025](/sessions/20250921_Assured_Trust_Legal_Tools/notes.md)*

- Uses: Education, training, disability-related living expenses, technology, transportation — *[Assured Trust, Sep 2025](/sessions/20250921_Assured_Trust_Legal_Tools/notes.md)*

- If you have more than $100K, your SSI will be suspended — *[Assured Trust, Sep 2025](/sessions/20250921_Assured_Trust_Legal_Tools/notes.md)*

- Annual contribution cap: ~$19,000/year (tied to federal gift tax limits) — *[Assured Trust, Sep 2025](/sessions/20250921_Assured_Trust_Legal_Tools/notes.md)*

- [Open a Kansas ABLE account](https://www.kansasstatetreasurer.ks.gov/able_savings.html) — *[Assured Trust, Sep 2025](/sessions/20250921_Assured_Trust_Legal_Tools/notes.md)*

- **Secure Act 2.0 (2024):** Qualifying disability age raised from 26 to 46 — *[Assured Trust, Sep 2025](/sessions/20250921_Assured_Trust_Legal_Tools/notes.md)*

- In order for adults with developmental disabilities to retain access to social security they have to make less than a threshold amount per year. Employers can contribute instead to their employee's ABLE account which is not counted toward that requirement. — *[Lindsay Krumbholz, Jan 2024](/sessions/20240128_Lindsay_Krumbholz_Golden_Scoop/notes.md)*

- [Kansas ABLE Savings Plan](https://savewithable.com/ks/home.html) allows tax-advantaged savings without affecting Medicaid eligibility — important financial planning tool for families of individuals with IDD — *[Sarah Otto, Mar 2026](/sessions/20260315_Sarah_Otto_Case_Management/notes.md)*

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