One of the biggest lessons young adults must learn is that the world keeps turning — regardless of what they do — and not accounting for that can lead to trouble.
YOUNG ADULT PLANNING
Durable Power of Attorney
If your adult child is traveling, abroad, on an internship, incapacitated, or just wants someone else to act on their behalf, this names a person to take care of financial and personal matters like car payments, student loans, and more.
Last Will & Testament
Unless your adult child has a child of their own, this can usually be very simple. However, since young adults often enjoy risky activities, having some type of plan is invaluable. It should outline what happens in the event of their unexpected death.
Medical Power of Attorney
If your young adult becomes incapacitated without a medical power of attorney, you may have to go through the onerous legal process of becoming their guardian before you are able to access any of their medical information.
Advance Directive
Sometimes referred to as a Living Will, this is a document that outlines whether and how your young adult wants life-sustaining equipment and measures to be used if they become terminally injured or ill.
Digital Asset Spreadsheet
Many service providers won't provide access to digital accounts and files unless the deceased person gives someone permission in a will or trust. This file should include all logins as well as that permission in writing.
If You Do Nothing Else, Create a Medical POA Before They Go to College
Getting your adult teenager to sit down and create all of the important documents listed above may be a bit… challenging. So, if you have to choose just one, make it a medical power of attorney.
Why? Because the second they turn 18, HIPAA prevents medical professionals from telling you anything about their health — let alone getting to make any healthcare decisions — unless you’re their designated medical power of attorney.
If they become incapacitated, you may have to go through the legal process of becoming their guardian before gaining access to any medical information.
Step 1
Schedule a Free Consultation
Reach out and set up a time for us to talk with each other. We won’t know if it feels like a fit until we get to talk.
Step 2
Collaborate on an Estate Plan
Our team learns about you and your unique needs so we can work with each other to help you design your ideal plan.
Step 3
You Are Set Up for the Future
We’re committed to making sure you understand and feel confident in whatever plans we help you to create.
Slaton Schauer Law Firm, PLLC is conveniently located in Cedar Park and proudly serves Austin, Round Rock, Georgetown, Pflugerville, and the surrounding areas.
102 Raley Road
Cedar Park, Texas 78613
Phone: (512) 258-9455
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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.
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