As students enter college this fall, there are some unique challenges in store. Going to college during a pandemic adds some interesting obstacles to jump through. Shopping for school supplies, dorm room décor, and helping them all move in while social distancing and keeping them safe. However, you are missing one of the most important, not so obvious, items: Having your child sign durable powers of attorney.
This is a document that states the individual’s desires concerning health care treatment. This includes “heroic” measures such as artificial nutrition, hydration, and resuscitation, if a qualified physician determines that the individual is either in a “terminal” medical condition or unlikely to regain consciousness.
The document also assigns one or more agents who are authorized to consent to health care measures. These agents can also access the individual’s medical records and speak with the medical providers. This often gives a parent peace-of -mind if something should happen to his or her adult child at school.
It designates one or more individuals to have broad powers relative to financial, business and other transactions. These durable powers of attorney for college-age children are immediately effective. The adult child designates a parent or other trusted individual as the “attorney-in-fact” to make financial and related decisions on his or her behalf, pay bills and deal with landlords. A durable power of attorney that is effective immediately can also allow a parent to access the adult child’s college financial records and manage student loans.
Before signing a power of attorney, think about what responsibilities the power of attorney will hold and what circumstances power of attorney would need.
Although you may have a power of attorney, there are important things to note that can occur often after a power of attorney document is signed.
While a power of attorney is important, you can contact your estate plan lawyer to ask about documents such as a living will, HIPAA, and FERPA releases. Living will grants authorization to the parent or trusted individual to terminate life supported by the criteria the student sets in the document. HIPAA gives permission to the parent or trusted individual to contact and communicate with any medical specialist without privacy issues. This does not give as much power as a Health Care Power of Attorney.
Additionally, FERPA stands for the Family Educational Rights and Privacy Act. It is a form that gives parents the right to inquire and view the student’s education records that may be protected otherwise. Many universities will have their own version of this form available in administration offices.
There is never a better time to sign durable powers of attorney than right now — well before they are ever needed or the unexpected takes place. It is always best to prepare for the worst and not be lost throughout the process. While this is always true, the continued presence of COVID-19 makes it more relevant than ever. Preparation is key, especially if your child is all the way at school and you are not able to be there in person.
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Edwardsville
217 South Main Street, Edwardsville, IL 62025
618.659.4499
East Alton
1 Terminal Dr. East Alton, IL 62024
618.258.4800
Wentzville
511 W. Pearce Blvd. Wentzville, MO 63385
636.332.5555
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7a Park Place Swansea, IL 62226
618.239.4430
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636.332.5555
Creve Coeur
12747 Olive Blvd., #300, St. Louis, MO
636.332.5555
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1115 Harrison St, Mt. Vernon IL
618.242.0200
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