Thursday, August 31, 2017
Across the nation, college students are returning to their dorms and apartments to commence another semester of studious endeavors. For parents, this transition back to school may be filled with last-minute errands to check off to-do list items. Usually absent from the checklist is a note to draft a power of attorney. Children in college are legally considered adults. This legal status severely restricts parents’ access to information about their children to which they were previously privy.
A power of attorney, drafted correctly, allows parents to access bank accounts, medical information, grades, etc. While parents may not routinely need to exercise these powers, they are extremely beneficial in case of an emergency. Without a power of attorney, when a child is severely injured, parents are forced to go through the courts for permission to act as a proxy. This process is expensive and time consuming. A valid power of attorney can serve to avoid this issue.
There are a number of online resources available for parents to draft a power of attorney. Jennifer Guimond-Quigley, an estate planning attorney, encourages parents to seek out the services of an experienced lawyer given the nature and importance of the document.
See Jerilyn Klein Bier, College Students Need A Power Of Attorney, Financial Advisor, August 22, 2017.
Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.