As your child prepares to embark on their college journey, a sense of pride and excitement fills the air. However, amidst the whirlwind of new beginnings, it’s crucial to address an often-overlooked aspect: the legal rights and protections needed once they turn 18. At our law firm, we understand the importance of ensuring your continued involvement in your child’s well-being and financial affairs.
Here’s a guide to the essential legal documents every parent should consider for their college-bound child.
The Legal Shift at Age 18
When your child turns 18, they legally become an adult. This milestone brings about significant changes in their legal rights and your ability to access their personal information. Without the proper legal documents, you may find yourself unable to assist them in emergencies, manage their finances, or obtain critical information about their health and academic status. To avoid these complications, consider the following essential documents:
1 – Durable Power of Attorney
A Durable Power of Attorney (DPOA) allows you to manage your child’s financial affairs if they are unable to do so themselves. Whether it’s paying bills, handling banking matters, or managing other financial tasks, a DPOA ensures that you can step in seamlessly during times of need.
2 – Medical Power of Attorney
A Medical Power of Attorney (MPOA) grants you the authority to make healthcare decisions on behalf of your child if they are incapacitated. This document is crucial in ensuring that their medical care aligns with their preferences and values, especially during emergencies when they cannot communicate their wishes.
3 – HIPAA Authorization
The Health Insurance Portability and Accountability Act (HIPAA) protects the privacy of your child’s health information. A HIPAA Authorization permits healthcare providers to share medical information with you. Without it, you may be left in the dark about your child’s medical condition during critical moments.
4 – Living Will
A Living Will, or Advance Directive, outlines your child’s preferences for medical treatment in situations where they cannot express their wishes. This document covers decisions related to life-sustaining treatments and other critical interventions, ensuring their healthcare preferences are respected.
5 – FERPA Release
The Family Educational Rights and Privacy Act (FERPA) protects your child’s academic records. A FERPA Release allows you to access their educational information, enabling you to stay informed about their academic progress and intervene if necessary.
6 – Will
Some young adults may need to consider executing a Will. While it may seem premature, having a Will ensures that your child’s assets, including personal belongings, bank accounts, and digital assets, are distributed according to their wishes in the event of their untimely passing. It also allows them to designate an executor to manage their estate.
The Importance of These Documents
Preparing these legal documents before your child heads to college provides peace of mind for both you and your child. In unforeseen circumstances, having these documents in place ensures that you can act swiftly and in accordance with your child’s wishes. It also prevents legal hurdles and delays during emergencies, allowing you to focus on their well-being.
How Our Law Firm Can Help
At our law firm, we specialize in helping families navigate these important transitions. We understand the unique challenges that come with sending your child to college and are here to provide personalized legal guidance. Our experienced attorneys will work with you to draft and execute these essential documents, ensuring that you are prepared for any situation.
As your trusted legal advisors, we are committed to providing the highest level of service and support. Contact us today to schedule a consultation and take the first step towards protecting your college-bound child’s future and your peace of mind.