No, because an entity cannot be a signer on the checking account. If an account owner does not have legal capacity to manage their finances, but they want to select the Checking Account Option, there must be another signer for the checking account.
For more information about IAble, obtain a Plan Disclosure Booklet online or by calling (888) 609-8910. Investment objectives, risks, charges, expenses, eligibility and other important information are included in the Plan Disclosure Booklet; read and consider it carefully before investing.
If you are not an Iowa taxpayer, consider before investing whether your home state offers a qualified ABLE program that provides its taxpayers with favorable state tax and other benefits that are only available through investment in the home state's qualified ABLE program.
The Treasurer of the State of Iowa acts as trustee of the ABLE Savings Plan Trust, which is administered by the Iowa State Treasurer’s Office. IAble is a qualified ABLE plan offered as part of the National ABLE Alliance. Ascensus College Savings Recordkeeping Services, LLC as the Program Manager, and its affiliates, have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping, and administrative services. IAble offers a series of Investment Options within the National ABLE Alliance. Investment returns are not guaranteed, and you could lose money by investing in IAble.
