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Washington State ABLE Savings Plan
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Who can open an ABLE account?

An adult beneficiary with a qualifying disability can open and manage an ABLE account or have an Authorized Legal Representative do it for them. 

If a beneficiary is under the age of 18, they must have an Authorized Legal Representative (also known as an ALR) do it for them. An ALR must be able to show Power of Attorney, Legal Guardianship documentation, or be a parent of a beneficiary under the age of 18. (Learn more about the ALR role). 

Alternatively, a Social Security Representative Payee who has Power of Attorney can qualify as an ALR and can open an account for an eligible beneficiary. Either way, a beneficiary can only have one ABLE account at a time. 

Categories: Opening an account, Eligibility
Last updated June 20, 2017
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Washington State ABLE Savings Plan accounts are not guaranteed by the Washington Treasurer’s Office, the State of Washington, any state agency or subdivision thereof, or their authorized agents or affiliates. You could lose money by investing in a Washington State ABLE Savings Plan account. Consider investment objectives, risks, charges, and expenses before investing. Before opening an account, you should carefully read and understand the Plan Disclosure and Participation Agreement.