Bound by law and love
An authorized Legal Representative (ALR) can open an ABLE account for an eligible beneficiary. An ALR is anyone who has Power of Attorney, or is a parent or legal guardian of an eligible beneficiary if there is no Power of Attorney. If this is you, then you know that it takes love, strength and resources to take care of simple things, every day.
Opening an ABLE account for a child, or someone you care for, empowers them to become more financially independent, more confident and more secure about their future.
The ABLE for ALL Savings Plan was created as an empowerment tool for people to save, invest and open a world of opportunities. It’s for the things they require today and the things they may need or want in the future. Whether it’s a home of their own, additional care, training for a first job or retirement, an ABLE account can help support their goals.
Are you an ALR?
An Authorized Legal Representative is someone who is legally authorized under state and federal law to make decisions for the beneficiary. You’re an ALR if:
- You have Power of Attorney for the beneficiary; or
- You’re a parent/legal guardian.
If you need help with a Power of Attorney for a beneficiary, you can find more information here.