Why should you consider getting powers of attorney for your college student kids? Attorney Ray Kerlick explains in this video. Call or text 800-929-1725 for an appointment.
Summary of the Powers of Attorney for College Students Video
Hi, this is Ray Kerlick from the Law Firm of Wadler, Perches, Hundl and Kerlick. I’m here in our Fulshear office to talk a little bit about estate planning for our college-age kids. Now, most of us think that seems a little odd to be worried about estate planning for a young person, but realize that what we’re really doing is preparing for worst case scenarios. And so, for most of us what we need to recognize is once our children reach the age of 18, their rights and obligations are theirs, and you have very limited ability to take care of things for them, legally, once they reach the age of 18.
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So how can we prevent this or work around this? And the answer is, through a series of powers of attorney for college students. We have what we like to call our College Kid Package and it includes several powers of attorney and other documents.
Statutory Durable Power of Attorney
As your child is going off to college, leaving home for the first time, what we would recommend is entering into a statutory durable power of attorney for that child. The statutory durable power of attorney allows you to make certain legal and financial decisions for them, if for some reason they cannot or are unable to do so.
Medical Power of Attorney
Another component of our College Kid Packages is a medical power of attorney that will allow them to allow you to make medical decisions for them, if they end up, for example, in the university hospital. That way, you are authorized to interact with that medical team caring for your child.
Health Insurance Portability and Accountability Act (HIPAA) Authorization
Likewise, we recommend a HIPAA authorization, which could allow you to receive medical information and view medical records for your adult child.
Finally, a FERPA (Family Educational Rights and Privacy Act) document is another component of our College Kid Package that we would recommend and prepare. That is the document that most parents are interested in because it allows you access your child’s academic records, including the transcripts, grade points, and class listings. You’ll be able to access the types of documents that allow you to monitor the university enrollment of your child. In many cases you are paying for that college education and the FERPA document allows you to check on that investment in your child.
So please consider getting an entire package of powers of attorney for college students that will allow you to assist your child and stay in touch and on top of their educational environment. Thanks very much and we look forward to your call.
Protect Your Child with Our College Kid Package
If an emergency arises while your child is off at school, it might be too late to act. Let us help you avoid the worry and uncertainty associated with not being prepared. Call or text 800-929-1725 for an appointment at our Fulshear office or any of our other four offices.