- On July 26, 2016
Many students will soon be returning to college in August and September. If a college-bound student has attained 18 years of age, the student is legally an emancipated adult even though their parents may still perceive the adult student as a child. The discrepancy between parental perception and legal reality can lead to troubling legal entanglements and fees. In the unfortunate event that the adult student should become mentally disabled (i.e., accident, illness, etc.), especially while away at college, parents are surprised to learn that they may not have automatic access to the student’s medical and financial information. Depending on the circumstances, such situations can lead to guardianships and court. To avoid trouble and surprises, students should establish an estate plan, at the minimum, including (i) a power of attorney for healthcare and (ii) a power of attorney for property. Properly executed powers of attorney can assist in avoiding court, unnecessary emotional stress, wasted time and legal fees.
Kelleher & Buckley, LLC can provide peace of mind before school resumes. Please call us at 847-382-9130 or email us at firstname.lastname@example.org well before school is back in session.