Your child is leaving for college. What do they need?
As your children age and approach adulthood, there are many potholes or bumps in the road that can be avoided. Let's talk about your maturing child (just turning 18 or already over 18). What happens if they get into an accident or they are taken ill. How do you make sure you can step in to help?
Uniform Standard Power of AttorneyYou can talk with your child and explore the value and necessity of a Uniform Standard Power of Attorney. With this document, your child is authorizing someone (most likely you) to take legal action of their behalf. What does this mean? If your son or daughter goes to school far away, and they need help with credit card problem or banking issue, you can take the Uniform Standard Power of Attorney to the underlying institution as evidence of your authority to act on your adult child's behalf.
Advance Health Care DirectionThis is more challenging, no one wants to think about negative stuff. This is all about the parade of horribles. The bad stuff that hopefully will not happen, but can. You want to be prepared. This document give the child's appointed agent to make medical and end-of-life decisions, in the event they are necessary. I understand that this is not easy to think about, but it is much easier to think about it now, when all is right with you and your family. Depending on how the document is drafted and whether or not it is a statutory form, many situations, scenarios and options are contemplated. Once in place, there shouldn't be questions, which will hopefully lead to less challenge when the time comes to make tough emotional choices.