piggy bank rSPRINGFIELD – In an effort to help families of individuals with disabilities plan for their financial futures, State Senator Laura Fine (D-Glenview) has introduced a bill that would empower Achieving a Better Life Experience (ABLE) account holders to protect their savings by designating a beneficiary.

“Illinoisans with disabilities and their families shouldn’t have to drown in legal fees because the current law doesn’t give them the flexibility to protect their savings and securely save for their futures,” said Senator Fine. “I’m proud to advocate for the disability community and fight for our most vulnerable populations across Illinois.”

Senator Fine’s initiative would make it easier for ABLE account holders to designate an account beneficiary without paying for legal assistance, thereby leveling the playing field for individuals with disabilities who come from families with low or moderate incomes.

“It’s important that we take a step back to look at all legislation from a socioeconomic lens,” said Senator Fine. “This amendment would make much-needed improvements to help ensure people in the disability community and their families have equal access to support and protection for the future.”

Senate Bill 539 has passed the State Government Committee and now goes to the full Senate.