Who can open an account on behalf of an eligible individual?
If the eligible individual has the legal capacity to open an account, they can appoint someone to open and manage the account on their behalf. ABLE regulations expanded the list of authorized individuals who can open an ABLE account. No backup documentation is required to prove financial authority to act on behalf of the IAble account owner, but you must certify under penalties of perjury that no other person with a higher priority is willing or able to act as an authorized individual, and notify IAble if your authority expires or is removed. See our Who Can Open an Account? page or the Plan Disclosure Booklet (PDF) for more information.
