Preparing for your child to leave for college involves more than dorm supplies. Estate planning should be part of it. Here's why.
College Students Face Legal Boundaries at 18
Once your child turns 18, they control their medical decisions. You cannot step in without legal authorization.
If your child faces a medical emergency, you might need court approval to act. This delay could risk their care.
Unfortunately, many 18- to 25-year-olds end up in hospitals each year. Their parents often struggle to access critical information.
Why an Estate Plan Matters
Experts recommend a basic estate plan for everyone over 18. These documents ensure trusted people can act when needed:
- Will: Outlines how to handle property or digital accounts.
- Financial Power of Attorney: Lets someone manage finances if they are incapacitated.
- Medical Directives: Gives someone authority to make healthcare decisions.
Your child decides who fills these roles. It doesn't have to be you.
Essential Documents to Complete
Before dropping your child off at college, prioritize these items:
FERPA Release
The Family Educational Rights and Privacy Act (FERPA) protects student privacy. A signed release allows school officials to share records with you.
HIPAA Authorization
HIPAA prevents doctors from discussing a patient's condition without consent. A signed authorization ensures you can access medical information.
Durable Financial Power of Attorney
The financial power of attorney lets you manage your child's finances. Use it to pay bills or handle accounts when they cannot.
Medical Power of Attorney
If your child cannot make medical decisions, the medical power of attorney lets you step in.
Advance Directive (Living Will)
An advance directive outlines your child's wishes for end-of-life care. This guidance helps decision-makers act in their best interest.
Will
Even broke college students need a will. Most young adults own digital accounts or property.
A will can clarify who manages:
- Social media and email accounts
- Valuable gaming or app accounts
- Online profiles they want closed
Estate Planning Protects Families
Estate planning provides peace of mind for parents and students. It ensures swift action in emergencies and respects your child's wishes.
Take Action Today
We've helped families like yours for years. Contact us our experienced Texas estate planning lawyers today at 979-703-7014 to protect your college-bound student and family.