Who Can Open an IL ABLE Account?

  • You can open your account for yourself if you are an eligible individual, at least 18 years of age and have the legal authority to open an account.
  • If the eligible individual does not want to open their own account or does not have the legal authority to act on his/her own behalf in financial matters, an Authorized Individual may open and manage the account on behalf of the Account Owner.”
  • The following people can serve as Authorized Individuals:
    • Parent(s) or Guardian(s) of an eligible minor
    • Parent of an eligible adult (must submit copy of birth certificate)
    • Guardian(s) of an eligible adult (must submit copies of Guardianship documents)
    • Person granted Power of Attorney by the eligible adult (must submit POA documents)
  • The eligible individual with a disability is always the Account Owner and is the beneficiary of an IL ABLE account.