Even after your son or daughter turns 18 and is considered an adult in the eyes of the law, you may still need to act on his or her behalf in the case of medical emergencies, tax matters, and other business transactions. The problem is that after the age of 18, privacy laws prevent your access to important information. The solution is simple and affordable. Having us prepare three essential legal documents now will ensure that you can act on your young adult’s behalf when and if needed.
Power of Attorney—Allows your young adult to designate you or another trusted adult as his or her financial agent. It gives the agent permission to access bank accounts and act financially on the child’s behalf if an emergency arises. This document covers activities such as paying bills, filing tax returns, buying or selling assets, applying for government benefits, and opening or closing of accounts.
Advance Health Care Directive—Allows young adults to appoint someone they trust to act as their health care agent if they become incapacitated and unable to speak for themselves. It specifies their wishes regarding long-term care, life support and donation of organs.
HIPAA Authorization—Ensures that their agent can communicate immediately with the young adult’s health care providers and access important medical records. The Young Adult Peace of Mind Package is available as a stand alone package which includes a document that allows the young adult to revoke these powers at any time.