Congratulations! Your child is about to turn 18 and embark on an exciting journey into adulthood. As a parent, it’s essential to ensure that you have the right legal documents in place to safeguard their future and make informed decisions on their behalf. There are crucial legal documents that every parent should consider, providing you with the peace of mind that comes with knowing you’ve taken proactive steps to protect your child.
The Power of Attorney
When your child turns 18, they become an adult in the eyes of the law. This means that you no longer have the automatic authority to make financial and legal decisions on their behalf. A power of attorney is a legal document that grants you the authority to act on your child’s behalf, allowing you to manage their finances, handle contracts, and make important decisions when necessary.
Health Care Proxy
Imagine a situation where your child is unable to make medical decisions due to an accident or illness. A health care proxy grants you the power to make medical choices on their behalf, ensuring that their best interests are considered and that you have a say in their healthcare decisions.
The Health Insurance Portability and Accountability Act (HIPAA) protects the privacy of an individual’s medical information. Without a HIPAA authorization, healthcare providers are legally restricted from sharing your child’s medical details with you. By having this document in place, you can access vital information and stay informed about your child’s medical condition when necessary.
The Family Educational Rights and Privacy Act (FERPA) is designed to protect the privacy of students’ educational records. Once your child turns 18, you may face limitations in accessing their academic information without their explicit consent. A FERPA release allows you to maintain access to their educational records and stay involved in their academic journey.
Will and Estate Planning
While no one likes to think about it, having a will and estate plan is crucial for every adult, including your child. By encouraging them to create these documents, you can ensure that their assets are protected and distributed according to their wishes in the event of their passing.
GradDocs Makes It Simple
As a parent, it’s vital to take proactive steps to protect your child’s future, even as they transition into adulthood. By having these essential legal documents in place, you can make informed decisions on their behalf and maintain a safety net for unforeseen circumstances. Remember, GradDocs is here to make it simple for you every step of the way. Contact us today to learn more about your options and take the necessary steps to protect your child’s future.