Many parents have felt mixed emotions about school resuming. On the one hand, we’re thrilled kids are back in school and around their peers and learning in person but on the other hand being home was safer for not getting Covid.
For parents with kids who are 18, have they created their “baby” estate plan? You’re probably thinking, wait what, baby estate plan … I still support my kid, there’s no estate for which to plan! While your kid may have few, if any assets, the “baby” estate plan is still critical. This includes the Advance Health Care Directive, HIPAA Waiver and Durable Power of Attorney. And yes, your 18-year-old kid needs it!
Can you imagine, your kid goes off to college – or even if college is local – and a car accident happens or experimentation with drugs or alcohol goes awry which requires a trip to the ER? Knock on wood this doesn’t happen but what if your kid is unable to make medical decisions and you have no legal right to do so either? This has happened to our clients. It’s imperative that you can make medical, legal and financial decisions for your kid if something happens and the only way to do that is to get the “baby” estate plan completed.
We are here to help. If you’re interested in learning more about the options, please contact us.