Your College Student Needs a Financial Power of Attorney and Medical Power of Attorney Form

Your College Student Needs a Financial and Medical Power of Attorney Form
As we have mentioned in previous emails and other communications from our office, it is important that children, once they reach the age of majority (18 in Michigan), execute a Financial Power of Attorney form and Medical Power of Attorney. A Medical Power of Attorney allows the individual nominated in the document the right to have access to medical records and be involved in medical decision making. A Financial Power of Attorney allows the agent designated to handle financial matters on behalf of the young adult. For students going to school out-of-state, the question arises whether to have legal documents created in the student's home state, the state in which they attend school, or both. While the laws in most states are comparable so that a Power of Attorney created in one state usually will be respected in another, that is not always true. People can have medical events at all ages. Not having appropriate legal documents in place can be a disaster. Of all the legal documents people are advised to create, Power of Attorneys are among the simplest and least expensive, but oftentimes the most important. Please contact us if you have a question or require assistance with creating a Power of Attorney document for your child. Dan A. Penning