Specific U.S. State Laws & Guidelines
Below are the applicable laws, for each U.S. state, when establishing an ABLE Account.
ABLE Accounts by State
ABLE accounts in Florida are different from ABLE accounts established in New York. Maryland ABLE accounts vary greatly from ABLE accounts in Texas. Needless to say, there are a variety of ABLE arrangements, ABLE savings accounts, trusts, and more with their own state-by-state regulations. For example, some states:
- Have partnerships improving access for eligible individuals to enroll in an ABLE program.
- Have their own ABLE program but joined with other states in order to provide lower administrative costs and better investment options.
- Have established an ABLE program, but currently contract with private companies to manage the program.
- Have established an ABLE program but currently contract with other states to manage it, or do not operate their own ABLE program and partner with another state to offer that state’s program to its residents.
Your eligible clients can open an ABLE account in any state. They do not need to create an account from the state administered plan where they live. View individual states’ ABLE account program information below.
Put Your Trust in Milestone
The best attorneys advocate for their clients’ future. Milestone partners with attorneys to help them serve as sophisticated advocates who stand out in their standard of client care.