为您的大学适龄子女准备的遗产规划文件

Private Wealth Managementwilliamblair.com Estate Planning Documents forYour College-Age Children As your child begins college, a gap year program, or study abroad, there are threeimportant documents he or she should have in place that will allow you to help in theevent of an emergency or other circumstances. Those documents are a HIPAA release; These estate planningdocuments are not justfor college-bound children.Every young adult overthe age of 18 should What many parents do not consider is that once your child turns 18, he or she is legallyrecognized as an adult in most states. The Privacy Rule of the Health InsurancePortability and Accountability Act (HIPAA) and other privacy laws such as the FamilyEducational Rights and Privacy Act (FERPA) prevent parents of children age 18 or older Your ability to talk to the school, doctors, or hospital in the event your child has a medicalemergency may be restricted even if you are paying tuition or medical bills and/or your childis on your healthcare plan. Be sure that they have a copy of their health insurance card. A HIPAA AuthorizationBy signing a HIPAA release form, your child gives prior written approval for healthcare personnel to disclose medical information to you. Without this document, parentsmay face difficulty obtaining information if the child is ill or has been admitted tothe hospital. The HIPAA authorization need not be all-inclusive. A young adult can A Durable Power of Attorney for HealthcareThis document appoints someone your child trusts (usually a parent) to make medical decisions on his or her behalf if he or she is unable to do so. Your child may want toinclude another type of advance directive called a living will, which outlines specificwishes regarding interventions in life or death situations. Each state has different laws June 2026 This information has been prepared solelyfor informational purposes and is not intendedto provide or should not be relied upon foraccounting, legal, tax, or investment advice.We recommend consulting your attorney, taxadvisor, investment, or other professionaladvisor about your particular situation.Investment advice and recommendations canbe provided only after careful consideration ofan investor’s objectives, guidelines, and A Durable Power of Attorney for PropertyWith a durable power of attorney for property, your child appoints a parent or other designated agent to handle financial matters on his or her behalf. While your child isaway at school, you may need this power of attorney to access your child’s grades orbank accounts, pay bills, or manage student loans. Colleges often have their own forms You may wish to discuss these documents, which are relatively easy to prepare, withyour child and an estate planning attorney. This may afford you some peace of mind and