People with disabilities can benefit significantly from inheriting a home, and funding it with money from an ABLE account can provide crucial financial support. ABLE accounts, which allow individuals with disabilities to save money without affecting their eligibility for public benefits, can be used to cover various housing-related expenses. When a person with a disability inherits a home, they can use their ABLE account funds to pay for mortgage payments, property taxes, home improvements, and maintenance costs. This financial flexibility helps ensure that the inherited property remains a secure and sustainable living environment, enhancing their quality of life while safeguarding their financial future.
