Does your college student need estate planning?
YES!
As your teenager prepares for college, there’s a lot to think about-packing, new classes, and the excitement of independence. But before they head off, it’s crucial to ensure they have three essential legal documents: a Medical Power of Attorney, a Durable General Power of Attorney, and a HIPAA Authorization.
Medical Power of Attorney: This document empowers a trusted individual-typically a parent or guardian-to make healthcare decisions if your child is unable to do so. It’s a safeguard to ensure their medical needs are met according to their wishes.
Durable General Power of Attorney: With this, you can manage your child’s financial matters, from paying bills to accessing bank accounts, especially if they’re studying far from home. It’s also a key to accessing their academic records, as FERPA regulations restrict parental access once they turn 18.
HIPAA Authorization: This grants permission to healthcare providers to share your child’s medical information with you. Without it, you could be left in the dark during a medical emergency.
These documents provide peace of mind, ensuring you can continue to support your child even as they embrace their independence. Consider discussing these with your college-bound student today. 🎓📜
Need help with this or have questions? Please let me know. I can help guide you to a firm to help get these documents prepared.
7 авг 2024