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Question

What is the difference between a special needs trust and an ABLE account?

Answer

A special needs trust can hold unlimited funds and be used for a wide range of expenses without affecting eligibility for government benefits. An ABLE account, on the other hand, has annual contribution limits and is only available to individuals whose disability began before age 26, but it offers tax-free growth for qualified expenses. Learn more: ABLE Accounts vs. Special Needs Trusts: Which Do You Need?

Related FAQs

How are special needs trusts taxed?

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What is the difference between a special needs trust and an ABLE account?
Family & Health Dependents with Special Needs FAQs
Last Updated May 14, 2026
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