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ABLE Account

Financial Planning

A tax-advantaged savings account that lets people with disabilities save without losing means-tested benefits like SSI or ALTCS.

An ABLE account is a tax-advantaged savings vehicle authorized by the federal ABLE Act of 2014. It allows a person whose disability began before age 26 (rising to age 46 in 2026) to save money in their own name without losing eligibility for means-tested public benefits.

How ABLE Accounts Work in Arizona

Arizona residents can open an ABLE account through any state's program, including the AZ ABLE plan. Anyone can contribute, up to the annual federal gift tax exclusion. Funds grow tax-free and can be spent on qualified disability expenses such as housing, education, transportation, assistive technology, and basic living costs.

The first $100,000 in an ABLE account is excluded from the SSI resource limit. ALTCS treats ABLE balances similarly. Above that threshold, SSI may be suspended (but not terminated), and Medicaid eligibility continues.

ABLE Account vs. Special Needs Trust

An ABLE account is simpler and gives the beneficiary direct control. A special needs trust holds unlimited assets but requires a trustee. Many Arizona families use both: a third-party special needs trust for larger inheritances, and an ABLE account for everyday spending the beneficiary manages directly.

Arizona Statutory Backdrop

Arizona trust statutes governing discretionary distributions to a disabled beneficiary, including A.R.S. 14-10503, work in tandem with an ABLE account so the combined plan preserves benefits.

For the full picture of how this term fits into an Arizona family's plan, see our Special Needs Trust Arizona: Complete Guide. Trustees can also try the free SNT Distribution Checker to test whether a planned expense should come from the SNT, the ABLE account, or neither.

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