Tuesday, September 3, 2013
Estate planning covers more than a last will and testament. When a person turns 18, he or she is legally an adult and parents can no longer make decisions for their child without consent. Therefore, adult children should take certain actions to have a parent or agent make decisions for them in case of an emergency. Here are four documents college students should have to ensure they have protection should anything unexpected happens:
- Power of Attorney. This will give an agent the authority to make financial or legal decisions on their behalf.
- Health Care Proxy. This will appoint someone to make medical and end-of-life decisions on their behalf.
- HIPAA Release. This will allow a named person to talk to doctors and receive information concerning their health.
- FERPA Release. This will allow a named person to receive information concerning their school performance.
See Justin A. Meyer, Estate Planning for College Students . . . Really?, KOCO, Aug. 29, 2013.