FAQs
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- About ABLE
- Account Management
- Additional Tax Benefits and Penalties
- ALR
- Banking and Investments
- Contributions and Withdrawals
- Eligibility
- Getting Started with ABLE
- Gifting
- Prepaid Card
- Recurring Contributions
- Rollover
- Successors and Estates
- Tax Credit
- Who can open a Hawai'i ABLE account?
- Any adult with a qualifying disability that developed before the age of 26 and resides in the state of Oregon can open and manage a Hawai'i ABLE account. Hawai'i ABLE accounts were designed to be managed by the person with a disability. Please note, with the passage of new federal legislation, the... Read more
- How do I manage different bank accounts with multiple beneficiaries?
- If you’re an Authorized Legal Representative (ALR) of more than one ABLE account, you can use the same banking information for multiple accounts, as long as you own or are the ALR on those ABLE accounts. Otherwise, each beneficiary can use one or more bank accounts in their own name, or the name of... Read more
- Can I open or manage more than one Hawai'i ABLE account?
- A person with a disability may only be the beneficiary of a single ABLE account. However, an individual may manage multiple ABLE accounts for different beneficiaries (i.e. an ABLE account for yourself and your child). If you serve as an Authorized Legal Representative (ALR) you can manage multiple... Read more
- How do I add another ABLE account?
- If you would like to manage multiple Hawai'i ABLE accounts for different beneficiaries (i.e. an ABLE account for yourself and your child), you can add a new account in two ways. Logged out, from the sign-up page: Go to the Hawai’i ABLE Savings Program website to sign up for a new ABLE account.... Read more
- What is an Authorized Legal Representative?
- An Authorized Legal Representative (ALR) is legally authorized under state and federal law to make decisions for the ABLE beneficiary. An ALR is whoever has been selected by the eligible beneficiary with legal capacity OR has Power of Attorney, is a conservator or legal guardian, spouse, parent,... Read more
- Does the Authorized Legal Representative (ALR) own the account with the beneficiary?
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No. Regardless of who opens the account, the Hawai'i ABLE account beneficiary is the sole owner of the funds.
- Who owns the Hawai'i ABLE account?
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The money in a Hawai'i ABLE account always belongs to the beneficiary, regardless of who opened the account. ABLE accounts can be opened and managed by an Authorized Legal Representative (ALR), such as a parent or guardian, however, the money still belongs to the beneficiary.
- If I manage multiple ABLE accounts, can I transfer funds from one ABLE account to another?
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No, as a security measure, we do not allow for the transfer of funds from one ABLE account to another ABLE account.
- Can I give other individuals access to my account?
- Only you, the Hawai'i ABLE account owner, should access your account online with your email and password. For security reasons, you should not share your login information with anyone unless they are your Authorized Legal Representative (ALR). If you want to change the ALR for your account, give us... Read more
- What information is needed to sign up for a Hawai'i ABLE account?
- To open a Hawai'i ABLE Savings Plan account, you'll need to provide some basic information as the account holder, including: Full name Contact information Date of birth Social Security number or tax ID To finish setting up your account, you will be asked to: Connect a bank account Choose your... Read more
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