COLLEGE PREPARATION
Besides the normal preparations for your child to attend college, you should have your child execute a Power of Attorney, Health Care Proxy, and a HIPAA Release Form. When young adults go off to college and venture out into the real world for the first time on their own, they may continue to need the assistance you always provided to them growing up. Once a child reaches the age of 18, you are no longer legally permitted to manage their day-to-day affairs without their legal consent and designation.
Having your child name you as their personal representative (by Power of Attorney and Health Care Proxy) will enable you to continue discussing, assisting and managing your child's affairs – whether educational, banking, insurance, healthcare billing and payment matters, and making medical decisions.
If your child signs a HIPAA Information Release Form, any hospital, doctor, or other health care provider can discuss your child's medical condition if they are ever admitted to a hospital or receive medical treatment of any kind.
I'm sure you can see the importance of having the documents in place as you send your child off into the world. It's hopeful that you'll never need them, but you'll be relieved to have them in place should the need ever arise.
This document is designed for general information only. The information presented on this document should not be construed to be formal legal or tax advice nor the formation of a lawyer/client relationship.
For more information on this and other topics, please contact Kevin via any of the channels listed below: 📧kevin@kmckernan.com or 📞718-317-5007