Young Adult Powers of Attorney
Something important that parents may not think about is that their children may also need powers of attorney. When a child turns 18, parents lose the legal right to make decisions for their child, including medical, financial, and educational decisions. Before your kids leave for college, it is important that they speak with a knowledgeable estate planning attorney to understand how having powers of attorney can help them. The Perrin Law Firm recommends adult children consider the following legal instruments and documents:
*Financial power of attorney: allows a designated agent to access bank accounts, pay bills, pay rent, pay tuition fees, and handle other financial transactions if the child was unable to do so.
*Medical power of attorney: allows a designated agent to make appointments, speak to medical professionals, access medical records, and make medical decisions if the child were unable to make those decisions themselves.
* FERPA (family educational rights and privacy act) document: allows a designated agent access to educational records.
We at the Perrin Law Firm are happy to help families navigate through these important matters providing everyone with peace of mind.
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Learn How We Can HelpNon-Probate Asset Attorney in Clear Lake City, Texas
At the Perrin Law Firm, we stand ready to help you include your life insurance policies and retirement accounts as non-probate assets in your estate plan. We'll walk you through the process, making sure your estate plan reflects your wishes accurately. With our attorney’s guidance, you can rest assured knowing that your assets will be distributed according to your wishes, without the need for unnecessary probate court involvement. Trust the Perrin Law Firm to handle your estate planning needs with diligence and compassion.