Why Every Parent of an 18-Year-Old Needs to Consider Financial Power of Attorney and Healthcare Dire
As parents, our lives revolve around the relentless desire to protect our children. From their first steps to their high school graduation, we are there, ensuring they're safe and well. But what happens when they turn 18? Suddenly, in the eyes of the law, they're adults. As much as we'd love to, we can't protect them the way we used to. Especially when it comes to making crucial decisions on their behalf in dire circumstances.
When your child turns 18, a significant shift happens that many parents overlook. In a blink, your parental rights to make essential financial and health decisions for them disappear. They are, in legal terms, their own person. This change brings forth the pressing issue: What happens if they can't make decisions for themselves?
The Need for Financial Power of Attorney for Your Young Adult
Imagine a scenario where your 18-year-old is studying abroad or away at college, and there's a financial emergency. Without a financial power of attorney, you might find yourself unable to access their bank accounts or manage their financial obligations. The financial power of attorney is a legal document that allows your child to appoint someone they trust (like a parent) to make financial decisions on their behalf should they become incapacitated or unable to manage their affairs.
The Significance of Healthcare Directives
Even more daunting is the scenario of your young adult getting seriously injured or falling severely ill. Without a healthcare directive in place, you, as parents, could be sidelined, unable to make health decisions on their behalf or even gain access to vital medical information due to privacy laws.
A healthcare directive is a legal document where your child can specify their medical treatment preferences should they become incapacitated and can't communicate their wishes. It's their voice when they can't speak, and it ensures that their medical wishes are followed.
Why Act Now?
As parents, it's hard to imagine these situations, but it's essential to prepare. The world is unpredictable, and while we hope for the best, it's always wise to plan for the unexpected. By setting up a financial power of attorney and healthcare directive, you're not taking away their independence; you're ensuring their protection.
How Moya Document Services Can Help
At Moya Document Services, we respect the sensitivity of these decisions. We're committed to meticulously preparing legal documents based on your specific instructions. While we don't offer legal advice, our expertise lies in ensuring your documents are accurate, personalized, and reflective of your exact directives. Many families have trusted us with this vital task, seeking peace of mind in an ever-changing world.
Your child might be stepping into adulthood, but they'll always need your protection. Equip yourself with the tools to continue doing so. Contact Moya Document Services, and let's craft these pivotal documents together.