As you’re preparing to send your child off to college, have you considered the need for a power of attorney? While you may be thinking about what they need for their dorm room or what books are required for classes, establishing a power of attorney is an important part of any back-to-school checklist for a college student.
What is a Power of Attorney?
A power of attorney is a legal document that allows a person to appoint an individual to act on their behalf when it comes to legal and financial matters. This individual is appointed while the person is of sound mind, and can be helpful to have in place during emergencies, urgent medical situations, and extended time away from home.
The Importance of a Power of Attorney for College Students
So, why would a college student need a power of attorney? Once your child turns 18 years of age, you no longer have authority to make decisions on their behalf. A power of attorney can ensure that you have the authority to act on behalf of your child if something were to happen, such as:
Medical Emergencies: As much as we don’t like to consider the possibility of our children facing a medical emergency, it’s best to prepare for this scenario. Whether your child is going to school in the same state, or is living a plane ride away, there’s peace of mind knowing that you can advocate for your child—and make the decisions that you know are best, if they ever need you to.
Financial Transactions: In the unlikely chance that your child was to become seriously injured or even incapacitated, a power of attorney can ensure that you can manage their financial affairs. This could entail paying tuition, ensuring room & board costs are covered, and handling any expenses for off-campus living. Being able to jump in and take care of these affairs can prevent your child from being at risk of financial insecurity.
Legal Matters: College can be an adjustment and bring about new experiences and independence. And while we always hope that our children will make the right choices, if legal representation for any matter is ever needed (alcohol-related issue, accused of cheating on an exam, etc.), a power of attorney would grant you the right to sign legal documents and protect their interests.
As our children grow up, we want to do everything in our power to protect them. While you’re not always able to be at their side 24/7 as they take this first step toward independence away from home, a power of attorney can provide peace of mind knowing you can still be there for your child.
Before your college student heads off to school, schedule a complimentary consultation with Ed Spinks, Board Certified Elder Law Attorney.
Contact Us
At Florida Elder Law & Legacy Planning, we can ensure your family is protected from the uncertainties of the future. Contact us by calling (813) 651-1233 or by filling out the form below.
