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Florida GrAnTOr Abletrust  Form

Florida GrAnTOr Abletrust Form

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able accounts and special needs trusts the basics Abel stands for achieving a better life experience and was brought into existence by the able act which allowed for the creation of able accounts in Florida any Florida resident who has a qualifying disability since before turning 26 years old can contribute up to the gift tax exemption amount currently $15,000 per year from any source funds can be allocated to different investment strategies pick from the predetermined portfolio allocations with Abel United and withdrawn by the disabled individual or their legal guardian or agent tax-free if used for qualified expenses education housing and other basic living expenses transportation employment training health assistive technologies prevention and wellness financial management fees legal fees and funeral burial costs funds can go directly to the disabled individuals personal checking account or funds can be transferred to a third party directly via an able United Bank check the same way

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