Treasurer Boozer, Enable Alabama Release Statement on New Guardianship Legislation
Montgomery, AL – Alabama State Treasurer Young Boozer today announced the passage of Act 2018-280 introduced by Rep. Ken Johnson and Sen. Dick Brewbaker, which gives guardians full financial capabilities when opening and managing an Enable account for qualified persons with disabilities.
“Alabama’s recent guardianship decision will serve to benefit many individuals and their families throughout the state, providing greater access to an important resource, the Enable Program. Giving guardians this power simplifies matters for individuals with disabilities by allowing guardians to open, invest in, and manage an Enable account,” said Alabama Treasurer Young Boozer.
Enable Savings Plan Alabama is a financial program that allows individuals with disabilities to open tax-exempt savings accounts to save for disability-related expenses without impacting resource-based benefits. The program permits individuals with disabilities to save more than a total of $2,000 in assets (cash, savings, etc.) in their name in an Enable account.
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