When young adults enter college for the first time, they are embarking on an exciting and adventurous time in their lives. Most young adults are leaving home for the first time and will be living apart from their families. Such times can be a cause of concern among parents as they realize that their young adult children will be off on their own and will want to help the young adults get all of their affairs in order. However, one often overlooks certain aspects during the college preparation period such as the need for young adults to have some basic estate planning in place. As a result, some Law Firms provide a “New College Student Affordable Estate Planning Package” for such an event, and the package can include:
A HIPAA Release form is a document that appoints someone to be allowed access to private health care information. A Health Care Proxy appoints someone to make health care decisions for an individual. Therefore when a young adult goes off to college, he or she can appoint someone, often the person’s parents, to be allowed access to health care information from doctors or emergency room personal as well as being able to appoint an individual to make health care decisions in the event that the young adult becomes incapacitated for whatever reason. This would also be a good opportunity for the young adult to discuss his or her wishes regarding end of life care or organ donation with the health care proxy.
In addition, a Durable Power of Attorney for Educational Purposes would allow a young adult to appoint someone with the legal authority to handle certain matters dealing with the student’s education.
Therefore with the installment of a “New College Student Affordable Estate Planning Package”, a parent can have peace of mind that his or her young adult child is going off to college with some of the basic legal documents necessary to help the young adult child with future health and educational needs.
Peter A. Moustakis is the founder of Moustakis Law LLC
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Please note that the information contained in this blog is not an exhaustive list of the matters pertaining to the discussion. Every person has a unique situation that must be tailored with the advice of an attorney after consultation. The material published on this blog is made available by the Moustakis Law LLC for informational purposes only and should not be considered legal advice. Before you make any decision that may have legal implications, you should consult with a qualified legal professional for specific legal advice tailored to your situation. Your visiting this blog does not establish an invitation to enter into, and does not create an attorney client-relationship.