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Does it have to be a parent who opens the NextGen account on behalf of his/her new baby?

April 26, 2017account baby behalf NextGen opens parent

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Does it have to be a parent who opens the NextGen account on behalf of his/her new baby?

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No, the account owner does not need to be the baby’s parent. Anyone can open the NextGen account on behalf of the Maine resident baby. Simply complete and submit, to FAME, a NextGen® enrollment form naming the baby as the beneficiary. The account must be opened before the baby’s first birthday in order to receive the Alfond Grant. Anyone can open a NextGen account regardless of income or residency. The account owner must be at least 18 years old.