Power of Attorney At Age 18

Before your college kid returns to school in August, talk to them about powers of attorney. When our children turn 18, we lose the ability to automatically make decisions for them. If your adult child is in an accident, you need to be able to make medical decisions without having to jump through red tape at the hospital (or worse, the court).

You need this same power when it comes to managing your kid's money. If your child is incapacitated, it is likely as a result of an accident and you will need the legal authority to file suit against any wrongdoer or negligent person to obtain the funds needed to ensure that your child receives the best care possible.