Sunday June 24, 2018

News

Our News
Exciting events are happening at ABF
Thank you for your interest in American Baptist Foundation. Our hope is to serve you and your family with helpful information.
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Personal Planner
Do You Have a Difficult Family?
A businessman with a $2.5 billion estate passed away in 1976. He was single and many individuals, mostly unrelated to him, filed more than 40 wills with the probate court. Not surprisingly, the...
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Savvy Living
How Medicare Handles Second Medical Opinions
Does Medicare cover second medical opinions? The doctor I currently see thinks I need back surgery, but I would like to find out more about other treatment options before I proceed. What can you tell...
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Washington News
ABLE Accounts Enhanced Under TCJA
In IR-2018-139, the Service explained the new benefits for people with disabilities who have Achieving a Better Life Experience (ABLE) accounts. ABLE accounts are normally funded by annual gifts up to $15,000. An ABLE account beneficiary is a person who became disabled before age 26. Funds in the ABLE account grow tax-free and may cover qualified disability-related expenses for the beneficiary. Qualified expenses include "housing, education, transportation, health, prevention and wellness, employment training and support, assistive technology and personal support services, and other disability-related expenses." The Tax Cuts and Jobs Act (TCJA) included three new benefits for ABLE account holders....
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