As many of our 18-year-olds are preparing to move off to college, it is not too late for them to set up a power of attorney. They realize that now that they are 18 and graduating from high school, they are adults free to make their own decisions concerning their lives, including coming and going. Many may even be celebrating their first opportunity to live on their own without their parents. But how about when they are unable to make medical or financial decisions when something goes wrong? Many believe their parents will simply spring into action when so many hospitals or universities (for example) will not accept their direction without a power of attorney document (or alternatively, court-appointed authority).
What many of us, including young adults, forget is that once we reach the age of 18 in our society, we are considered adults under the law. Therefore, without a medical power of attorney granted by the student, schools may not allow parents to inquire about or view grades without the student’s consent. Similarly, without a durable financial power of attorney, many hospitals and medical facilities limit information they can provide without the young adult's consent. In such instances, young adults can take advantage of trusted family being ready to help make such vital decisions concerning their assets, education, career or health by assigning them to be their Power of Attorney agent. If you know people who are excited or even apprehensive about their student moving to college or away for their first time, have them discuss powers of attorney with their children and contact me for a free consultation. It’s a very quick, basic and an extremely affordable way to protect themselves, their assets and endeavors. KG with Gee Law.
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AuthorKevin Gee is an experienced Michigan attorney ready to assist you with your business and estate planning needs. Archives
April 2024
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