In the event of the death of a Beneficiary, the ABLE United account is payable to the estate of the deceased designated Beneficiary; however, funds from the account can be used to pay any outstanding Qualified Disability Expenses, including funeral and burial costs.
The Beneficiary may list a successor designated beneficiary before their death. However, before any transfer to the successor designated beneficiary, the account is subject to the federal estate tax imposed by chapter 11 of the U.S. Code upon the estate of the deceased Beneficiary, as well as payment of any outstanding Qualified Disability Expenses, and any state claim under section 529A(f).
If a Beneficiary has passed away and the personal representative/executor of their estate is not the Authorized Legal Representative, the executor may submit a death certificate and a certification that they are the personal representative and responsible for the proper disposition for the account balance. The personal representative may complete a Death of Beneficiary Form to have the remaining balance sent to the Beneficiary’s estate.
