Authorized Legal Representative
Bound by law and love An Authorized Legal Representative (ALR) can open an ABLE account for an eligible beneficiary. An ALR is anyone who is selected by the eligible beneficiary with legal capacity, anyone who has Power of Attorney, a conservator or legal guardian, a spouse, parent, sibling,...
Your benefits are here to stay When you open an account, you won’t lose your state or federal benefits. A STABLE account through STABLE Kentucky helps you supplement your current benefits in order to save for qualified expenses. If you’re receiving Supplemental Security Income (SSI), you can have...
Can a Social Security Representative Payee open an account for a beneficiary?
If you’re an eligible beneficiary with a Representative Payee, you can open an account for yourself. If you have legal capacity, you may select a Representative Payee to open and manage an account for you. Otherwise, to have a Representative Payee open and manage an account for you, they must...
Can an Authorized Legal Representative and beneficiary both have a STABLE Visa® Card?
If you’re the Authorized Legal Representative (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...
Can employment earnings be deposited into my account through payroll direct deposit?
Yes! Instructions to set this can be found on here. Once this has been processed, your employer will deposit the specified amount from your employment earnings automatically into your STABLE account.
Can I close and transfer my STABLE account through STABLE Kentucky to a different ABLE program?
Yes, but you can make only one rollover every 12 months. Use the STABLE Account rollover forms to start the process.
Can I connect more than one bank account to a STABLE account?
Yes, you can connect multiple bank accounts.
Can I contribute money with a credit card?
No. Contributions are made by mailing in a check or by transferring funds into your STABLE account from a bank account.
Can I enroll and manage a STABLE account with a paper form?
The easiest and fastest way to enroll and manage a STABLE account is online. If you want to use paper forms for enrollment or managing your account, you can find the forms here.
Can I get cash or use the card at an ATM?
No, your card cannot be used to get cash or withdraw money from ATMs.