Historically I have associated August with vacations, back to school, football, and of course, ice cream! Recently I found out that August is also ABLE to Save Month, in recognition of the benefits of the Achieving a Better Life Experience (ABLE) Act. Since 2014, the ABLE Act has provided an opportunity for people with disabilities to save for their future without impacting their means-tested government benefits. This has been a real game changer for people with disabilities and their families, who now have an additional vehicle to enhance their financial well-being.At Achieva Family Trust, we continue to promote the availability and benefits of ABLE accounts as another option for people with disabilities to save for the future. We have many trust beneficiaries who utilize ABLE accounts in conjunction with their Special Needs Trust. Here’s one reason why this is a winning combination - with some types of Special Needs Trusts, we are able to make a distribution from the trust directly into the ABLE account. The current limit for annual ABLE account deposits from all sources is $16,000. Once the ABLE account is set up and funded, the beneficiary can control the funds in the ABLE account directly without having to request a distribution from the trustee. This use for an ABLE account helps to promote the autonomy and financial independence of our trust beneficiary.