Since they are now adults, parents no longer have the same level of access or authority over their child's financial, educational and medical information. This can cause problems in cases where the child needs help in these areas.
Lowry Hill's article "The Transition to Adulthood: Readying Children for the Real World" discusses things to be considered from a legal and financial viewpoint. They recommend preparing and signing these documents:
- Health Care Power of Attorney
- Living Will
- Durable General Power of Attorney
While filling out legal documents is not the way most of us like to spend our time, these documents could save us a lot of heartache in the future. These legal documents vary by state and most can be obtained online.
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