The College Package
What is a Power of Attorney?
Yea! Your kids are now full-blown adults! Congratulations parents!
However, what happens if there is an accident, illness, or emergency while your adult child is gone to college or is now working?
A power of attorney is a legal document that grants authority to an appointed individual, known as the agent or attorney-in-fact, to make decisions and act on behalf of the person creating the power of attorney, referred to as the principal.
This authority empowers you with legal authority over your now adult child's healthcare choices, access to their medical info, and the ability to make financial calls on their behalf when needed.
Here is a little more information on how this works for your kids
Documents Included in Our College Package:
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Instructions
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Financial Power of Attorney
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Healthcare Power of Attorney
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Living Will
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If your child were to become sick, you would not be able to make healthcare decisions for them, and you would not be able to sign documents on their behalf. Or what if they are unable to handle financial matters due to an accident? If you were in such a situation, agencies and providers would require you to get a court’s “permission” to make these decisions for your own adult child.
A Living Will (DNR) is a legal document regarding your medical wishes at the end of your life and not a distribution of assets at your death (a last will and testament document).