Graduation season is filled with celebrations, future plans, and a newfound sense of independence. But while parents focus on dorm shopping or job offers, there’s one crucial step that often goes overlooked: basic legal planning for young adults.
Turning 18: A Legal Milestone
Once your child turns 18, you no longer have the automatic right to access their medical records, make healthcare decisions, or manage financial matters on their behalf. Even if you’re still supporting them financially, the law considers them legal adults. That means schools, banks, hospitals, and insurance providers are no longer permitted to speak with you without your child’s explicit authorization.
Why It Matters
If your newly minted adult were to face a medical emergency, you could be left powerless without the right documents in place. Imagine your college-aged child is hospitalized after a car accident or becomes seriously ill while studying abroad. Without proper legal documentation, you may not be able to speak with doctors, make medical decisions, or access funds to cover unexpected expenses.
What Documents Are Essential?
This summer, consider giving the gift of peace of mind. Key documents include:
- Durable Power of Attorney – Allows a trusted person (like a parent) to manage financial or legal matters. This includes handling banking, paying tuition or rent, and managing any legal paperwork.
- Advance Healthcare Directive – Lets your child name someone to make medical decisions if they can’t speak for themselves. It also includes instructions for life-sustaining treatment preferences.
- HIPAA Authorization – Permits access to health information during emergencies, so you’re not in the dark when urgent situations arise.
Estate Planning Is for Everyone
Graduation marks more than an academic milestone—it’s a transition into legal adulthood. Make sure your planning reflects that shift so your child is protected as they begin their independent journey. It’s not just about wealth—it’s about access, support, and preparation. By planning now, you’re empowering your child while safeguarding their future.
