Yes, you can open and manage multiple accounts for beneficiaries if you are their Authorized Legal Representative. Remember that each beneficiary can have only one ABLE account open at a time. Each Maryland ABLE account can be connected to one or more bank accounts.
You have plenty of options when it comes to managing multiple banks and/or beneficiaries. If you’re an ALR of more than one account, you can use the same banking information on multiple Maryland ABLE accounts, as long as you own or are the Authorized Legal Representative (ALR) of those accounts. Otherwise, each beneficiary can use one or more bank accounts in their or the ALR’s name.
There can only be one Authorized Legal Representative per account, but you can transfer an ALR by filling out this form or calling us at 1-855-5MD-ABLE (1-855-563-2253) or 1-844-888-2253 (TTY) from 9am-8pm ET.
To keep the account safe, don’t share your password or let someone else have access to your account, unless they are the Authorized Legal Representative. If you want to add, change, or remove the Authorized Legal Representative for the account, we have forms to help you with the process.
An adult beneficiary can open an account for themselves. 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 a valid Power of Attorney or Legal Guardianship documentation, or be a parent of a beneficiary under the age of 18. Learn more about the role of an ALR.
To have a Representative Payee open an account for you, they must meet the requirements of an Authorized Legal Representative (as a Power of Attorney, parent or legal guardian). Because the role of Representative Payee is specific and unique to Social Security benefits, it doesn't apply to ABLE plans without a valid Power of Attorney.
ABLE accounts can be opened for eligible U.S. citizens and legal residents living in any state in the United States, regardless of whether the state has an ABLE program. An adult beneficiary with a qualifying disability can open and manage a Maryland 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) open an account for them. An ALR must be able to show a valid Power of Attorney, Legal Guardianship documentation, or be a parent of a beneficiary under the age of 18. A Social Security Representative Payee does not qualify as an ALR and cannot open an account for an eligible beneficiary unless they also have a valid Power of Attorney. Learn more ...
Once you are ready to enroll, you can set up your account here on line. When opening a Maryland ABLE account, have ready information about the beneficiary, qualifying disability, and how the ABLE account will be funded.
Here are a few ways to get answers. You can contact us online, give us a call Monday through Friday, at 1-855-563-2253 or 1-844-888-2253 (TTY) from 9am-8pm ET, or you can browse frequently asked questions.