As the exhilarating moment approaches when children leave the nest to embark on their college journeys, it's crucial for both parents and students to consider the legal aspects that come with newfound independence. One such consideration is the establishment of a Power of Attorney (POA) for college-bound children. While often associated with medical or financial matters for adults, Powers of Attorney can play a vital role in ensuring a smooth transition and providing peace of mind for parents and their college-bound kids.
A Power of Attorney grants legal authority to a designated individual, known as an agent or attorney-in-fact, to make decisions on behalf of another person. For college students, executing a Power of Attorney can be particularly valuable. It allows parents to stay involved in crucial decision-making, especially when unforeseen circumstances arise. With a Health Care Power of Attorney, parents access medical records, speak with healthcare professionals, and make medical decisions if their child is unable to do so. Similarly, a financial Power of Attorney enables parents to manage their child's finances, handle banking matters, and handle legal documents when necessary. By establishing a Power of Attorney, families can ensure a seamless support system is in place, empowering college-bound students to focus on their education and personal growth while safeguarding their best interests.
If you have a kid going off to college in the Fall and have questions about Powers of Attorney, give us a call at 253.858.5434 to set up an appointment today. We represent clients throughout Washington and Idaho and are available to meet in person, by phone, or via video conference.