06/22/2016

Adult Children: College Planning

college just aheadWith great pride and trepidation, parents are sending their "children" off to college in the coming months. Our kids will always be our children, but at that magical age of 18, the law does not look at our kids as our children, but rather as adults who are legally independent.

With children departing for college I urge parents to get 2 pieces of documentation in place with their children. The first is a Power of Attorney naming one or both of the parents as holding the power of attorney for the child. This document permits the named attorney to be able to handle finances on behalf of the child, regardless of whether the parent's name is on an account.

The second document to get in place is a Health Care Directive. This document names either or both parents as the Health Care Agent for the child. In the event the child is unable to communicate the child's health care wishes on their own, the Health Care Agent is authorized to communicate on behalf of the child.

Now is the time to get these documents in place. Kids are returning home after finals or are checking items off the dorm room checklist in anticipation of their first trip off to college. The summer will be over before you know it. I am here to help you get ready and am happy to meet day or night and even on a Saturday.

The material contained herein is provided for informational purposes only and is not legal advice, nor is it a substitute for obtaining legal advice from an attorney. Each situation is unique, and you should not act or rely on any information contained herein without seeking the advice of an experienced attorney. All information contained in links are the property of the linked site.

Related Posts