Organizational Authorized Legal Representatives
Frequently asked questions
What is an Authorized Legal Representative?
An Authorized Legal Representative (ALR) is someone who is allowed under state and federal law to make decisions for the Oregon ABLE Savings Plan account beneficiary. There can be only one ALR per account, but regardless of who opens the account, the beneficiary is the sole owner of all the funds.
Does the ALR own the account with the beneficiary?
No. Regardless of who opens the account, the beneficiary is the sole owner of all the funds.
Can there be more than one ALR?
No. There can be only one ALR per account, but you can change an ALR by filling out a Change of Authorized Legal Representative Form.
As an ALR, can I open and/or manage more than one Oregon ABLE Savings Plan account?
Yes. As long as you meet the ALR qualifications, you can open and manage multiple Oregon ABLE Savings Plan accounts for beneficiaries as their ALR. Remember that each Oregon ABLE Savings Plan account can be connected to one or more bank accounts, and each beneficiary can have only one account at a time.
As an ALR, how do I add another Oregon ABLE Savings Plan account?
Start by logging in to your existing account. In the upper right corner of your screen, or in the navigation on your mobile device, find the icon next to your name that looks like a profile picture. Click on the arrow to enable a drop-down menu. Find the link that says, “Add account.” Click and follow the steps to create a new Oregon ABLE Savings Plan account.
Can an ALR and beneficiary both have an ABLE Visa® Card?
If you’re the ALR for someone, you can order a card for yourself to make purchases for the beneficiary, a card for the beneficiary, or both. Each card has its own balance and spending controls, so you decide how funds will be used. The beneficiary will not have access to all of the funds in the Oregon ABLE Savings Plan account. Beneficiaries can access only what has been loaded onto their ABLE Visa® Card.
Learn more about ABLE accounts and how to serve as an ALR
Registering online is simple
The online registration process for an Organizational ALR consists of:
Information about the Organization and Beneficiary
Multi-Factor Authentication (MFA)
Documentation upload and verification
Information needed to register
To register, you will need to provide information that establishes the ability of your organization to act as an ALR. The key information includes:
About the Organization
Basic Information
Provide formal Organization name, EIN, Organization type, address, contact details, and documentation (varies depending on Organization type)
Controlling Officer Information
Requires a government–issued ID for the Controlling Officer
Beneficial Owner Information
Required only if the Organization is a for–profit business
Agent Assignment Information
Authorize a Primary and/or Secondary Agent to act on behalf of the Organization and provide instructions for the administration of the ABLE accounts; requires a government–issued ID
About the Beneficiary
Basic Information
Identify the beneficiary/account owner
Relationship to the Beneficiary
Identify the organization and the source of their authority to act as ALR (e.g. Power of Attorney, Guardianship, Representative Payee, etc.)
Provide communication preferences
Choose if you want to receive digital or paper statements, forms, and documents
Eligibility Confirmation
Provide the Beneficiary’s diagnosis code as defined by the form and confirm the Beneficiary’s eligibility to have an ABLE account
Learn how your organization can open ABLE accounts
Taking the step to become an Organizational ALR will allow your organization to offer a new level of support to your clients.
Further Documentation
Once you have completed the application and verification, you will need to provide the designated documentation to verify your organization.