Structured Settlements 4Real®Blog 2026
Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.
Recent Posts
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Category: Disability Savings Act
Disability Savings Accounts were initially provided for under HR 5771, the Tax Increase Prevention Act of 2014 (also known by acronym TIPA 2014), signed into law on December 19, 2014 by President Barack Obama, which added a then new code section 529A to the Internal Revenue Code (IRC). IRC 529A provides for the creation of a special tax-favored savings account for the disabled, termed an “ABLE” (Achieving a Better Life Experience) account.
Subsequently, The ABLE Age Adjustment Act amended Section 529A of the Achieving a Better Life Experience (ABLE) Act was signed into law by President Biden on December 24, 2022, to allow more individuals who have a disability to become eligible for an ABLE account effective January 1, 2026. The age of eligibility expanded to allow individuals who have a disability that began before age 46 (instead of before the age of 26) to be ABLE account -eligible. The ABLE Age Adjustment Act extends settlement planning opportunities and financial empowerment for people with disabilities.
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ABLE accounts, under IRC 529A and State law, are designed to encourage and facilitate the ability of those with significant disabilities to live and work independently, without losing the benefits of SSI or Medicaid.
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I was prompted to read Tacker LeCarpentier’s February 16, 2009 article on Sound Diversified Settlement Planning in the North Carolina Lawyers Weekly after the NSSTA posted a link with “belated kudos” on its website, describing the piece as “perceptive.” However, upon reading it, I was left with considerable doubt as to whether the person who…
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Franklin Mutual Insurance Company had agreed only to pay its policy limits in “cash” in the amount of $300,000.00. Franklin Mutual had only been willing to offer a structured settlement if the plaintiff agreed to accept its as part of a lower priced offer of $250,000.00.
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The Disability Savings Act of 2008, introduced by Senator Dodd (D-CT) on March 11, 2008 as Senate Bill 2741, would amend the Internal Revenue Code to allow a tax exemption for disability savings accounts (DSA) that have a value of $250,000 or less and are established for beneficiaries under the age of 65 who are…