As your child goes off to college and starts that new chapter, it is important for them to have a power of attorney and medical directive in place. At 18 years old, your child is legally an adult, which means they acquire responsibility to make their own medical and financial decisions. Make sure to get the required legal documents so you can make decisions for them in time of need. This will also allow you to access your child’s medical information.

No one ever wants to think their child will end up in the hospital. But unfortunately, it does happen. So, be prepared to set up a power of attorney and medical directive immediately following their 18th birthday. Most attorneys should be able to assist you in this process. Don’t wait!

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Casey Smith
President, Wiser Wealth Management

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