When your kid heads off to college, you're likely focused on shopping for dorm supplies and helping them choose classes. However, there's another crucial consideration that often goes overlooked: the importance of establishing a power of attorney and a health care power of attorney for your young adult. While it may seem premature, these legal documents can be a lifesaver in emergencies. A power of attorney allows your child to designate someone to handle financial matters on their behalf, ensuring bills are paid and financial affairs are managed even when they're away. Additionally, a health care power of attorney enables them to appoint a trusted individual to make medical decisions if they become unable to do so themselves. By putting these safeguards in place, you provide peace of mind for both you and your college-bound child, ensuring that they have the necessary support in case of unexpected events while away from home.
If you have questions about powers of attorney, health care powers of attorney, or estate planning in general, give us a call at 253.858.5434 to set up an appointment today.