FAQs
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- About ABLE
- Account Management
- Additional Tax Benefits and Penalties
- ALR
- Banking and Investments
- Contributions and Withdrawals
- Eligibility
- Getting Started with ABLE
- Gifting
- Prepaid Card
- Recurring Contributions
- Rollover
- Successors and Estates
- Tax Credit
- Can organizations manage an ABLE account?
- Yes. ABLE accounts make it possible for organizations (like service providers, professional guardians, or representative payees) to act as an Authorized Legal Representative (ALR) and manage multiple ABLE for ALL accounts. It is up to the person with a disability to decide if they want an... Read more
- What information is needed to sign up for an ABLE for ALL account?
- To open an ABLE for ALL Savings Plan account, you'll need to provide some basic information as the account holder, including: Full name Contact information Date of birth Social Security number or tax ID To finish setting up your account, you will be asked to: Connect a bank account Choose... Read more
- What is an Authorized Legal Representative?
- An Authorized Legal Representative (ALR) is legally authorized under state and federal law to make decisions for the ABLE beneficiary. An ALR is whoever has been selected by the eligible beneficiary with legal capacity OR has Power of Attorney, is a conservator or legal guardian, spouse, parent,... Read more
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