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Estate Planning for Your College Student

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Back-to-school time means preparing your college-bound child for life away from home. Something you may not have thought about adding to your to-do list is a power of attorney.

Once your child turns 18, access to their medical and financial information is not guaranteed. As a result, if they get injured or become ill, it may be difficult obtaining medical records or helping with decisions. To avoid this, you and your children should execute two documents that allow you access to medical information or take financial action should your child become incapacitated:

  • Power of Attorney for Healthcare – gives you the power to make medical decisions on your child’s behalf
  • Power of Attorney for Property – gives you the power to handle your child’s financial matters such as credit card bills, rent/utilities and bank account access

Kelleher & Buckley, LLC can provide peace of mind before school resumes. Call one of our 25+ attorneys at 847-382-9130 to schedule an appointment.

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