This month, I want to say congratulations to all of our high school graduates!
It’s hard to believe that your baby has already graduated high school and is starting their adult life! Where do the years go?
And while they’ll always be your baby, at age 18 your son or daughter is now considered an adult in the eyes of the law. (Kind of scary to hear that, I know.)
What does that mean for them and for you? Well, it means that you can no longer sweep in to help them if they get into legal or medical trouble in the way you could before. Of course, your child can still call you up and ask for your advice, but you won’t be able to step in for them directly.
So, if your child signs a contract they shouldn’t have, or takes out a bad loan in their own name, you won’t be able to get on the phone with the lender for your child unless they’re there in the room with you. (And if your grad is off to college, you probably won’t be!)
More importantly, if your child is incapacitated due to an illness or accident, you won’t be able to talk to your child’s doctors or make medical decisions for your child without going through a court guardianship.
But, the good news is there’s a way for you to still be there for your child if they need your help on a financial, legal, or medical issue by helping them create Powers of Attorney.
Now, I know that it can be tough to get your teen to take care of “adult” tasks, but don’t worry parents – I’ve got you covered!
When you book your Family Wealth Planning Session™ in the month of June, I’m not only going to waive the regular $750 session fee, but I’m also going to provide a Power of Attorney for Health Care and Finances for your adult child (a value of $500).
That’s a combined value of over $1250 in free services!
And it’s worth even more when you think of the peace of mind it will provide you and your child knowing that you can still take care of them in an emergency without the need for costly and stressful court involvement.
To schedule your Family Wealth Planning Session™, click this link.
This article is a service of Schwartz Legacy Planning, a Personal Family Lawyer® Firm. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That’s why we offer a Family Wealth Planning Session™, during which you will get more financially organized than you’ve ever been before and make all the best choices for the people you love. You can begin by calling our office today to schedule a Family Wealth Planning Session.
The content is sourced from Personal Family Lawyer® for use by Personal Family Lawyer® firms, a source believed to be providing accurate information. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal, or investment advice. If you are seeking legal advice specific to your needs, such advice services must be obtained on your own separate from this educational material.
