.jpg)
Parents of college students know how stressful it can be to send their child away to school. Whether it’s the beginning of their university adventure or they are seasoned under-grads, you can help your child with their financial and medical needs through a durable power of attorney.
This article breaks down the details and guides you on how to establish these important documents and ensure seamless support for your child.
What is a durable power of attorney for young adults? A durable power of attorney for college students allows parents to help handle important legal issues on their child’s behalf, easing their burden and ensuring that matters are handled right. The types of durable POAs that they may need are financial and medical powers of attorney.
What is a financial power of attorney? Administrative responsibilities such as paying
bills on time, managing accounts, filing taxes and submitting tuition money can be a lot for a busy college student. A financial power of attorney allows parents to make financial decisions for their dependents and give you the chance to help when needed.
What is a medical power of attorney? Sometimes called a health care power of attorney, this legal document gives you the authority to make tough choices about your child’s medical care. If an illness or injury incapacitates, your child, you will be able to make decisions about treatment plans, operations, medicines, and even end-of-life care. A durable POA enables you to act on your
child's behalf until they can decide for themselves.
What is a medical power of attorney for children? If your child is heading off to college before they turn 18, you may need to get a medical power of attorney for a trusted guardian who can keep an eye on your minor child’s healthcare needs. Everyone must sign the proper forms and
understand the requirements involved.
How can LegalShield help with a durable power of attorney? As a LegalShield Family Plan Member, you can work with your provider law firm, which knows your state laws as well as those of the state to which your child is relocating, to create a legally binding durable POA.
Doing it right provides peace of mind for everyone involved!
Access your LegalShield Provider Law Firm to create your child’s power of attorney and assist with many other personal legal matters. If you're not already a LegalShield Member, consider enrolling at your earliest convenience.