Why are Healthcare and Financial Powers of Attorney Important?

1. Transition to Adulthood:

Once your child turns 18, they’ve legally reached adulthood. The means that your child is responsible for their own healthcare and  financial decisions even if they live at home and you pay the bills. What if they can’t? What if they need you? So although they can make their own healthcare and monetary decisions, in case of emergency, you need to be available.

2. Medical Decision-Making:

With a Healthcare Power of Attorney, your adult child designates a trusted person, like you, as their parent, to make medical decisions for them when they can’t. With emergencies and serious illnesses, this ability to make timely decisions for your child is imperative.

Plus, when you pay the medical bills, you really need access to their medical records in order to verify what you’re looking at. Even billing departments can make mistakes.

3. Financial Decision-Making:

It’s the same with a Financial Power of Attorney. Your adult child designates a trusted person to make those important decisions when they can’t do it themselves.

4. Emergency Situations:

If your college student lives away from home, emergencies are harder. With illnesses and accidents, having Healthcare and Financial Powers of Attorney ensures that you, as their designated agent, have the right to make informed decisions regarding your child’s finances or medical care. It also includes anything else in their name like vehicle payments and bank account decisions. This ability makes treatment and financial decisions more efficient while respecting financial and healthcare preferences.

5. Financial and Healthcare Preferences:

Property Powers of Attorney and Advanced Directives allow your child to state specific monetary and healthcare preferences regarding treatments, life support, and other critical medical interventions. Their wishes are documented legally, providing peace of mind and the ability to help your child.

6. Avoiding Legal Complications:

Facing legal limitations in discussing your child’s medical and financial condition with you can be avoided and allow you to make decisions on their behalf. Without a POA or an HCPOA, you won’t have access to information or decisions, creating complications and stress during an already trying time. Get the legal framework and capacity to avoid those problems.

Steps to Establish Healthcare and Property Powers of Attorney

1: Discuss it with your child.

Talk to your child about having an Advanced Directive and a Property Power of Attorney. Let them know you’re taking precautions to ensure their financial and healthcare preferences are respected. It’s a document for them, but provides both of you peace of mind.

2: Schedule a virtual appointment. Reach our scheduling platform immediately with a one-click simplicity and schedule your child’s phone appointment with me, Allison Cychosz, to start today. After your child and I discuss their needs privately and confidentially, you and your child will fill out the paperwork. Then we’ll schedule the next appointment review your documents via zoom.

3: Fill out the order form online and pay. When you and your child decide to move forward with their healthcare and financial powers of attorney, they’ll fill out the order form for submission and you’ll pay online, stream-lining the process.

4: Receive and review your documents with an attorney. Once your child has made their choices and filled out their preferences, I prepare their documents to be reviewed at their zoom appointment. We make it as stress free as possible so you and your child have one less thing to worry about.

5: Your child signs online and receive their fully executed powers of attorney immediately. Their paperwork is ready and your child signs online after reviewing it one last time. Your child receives their fully executed powers of attorney immediately, signaling one of their first legal actions as an adult. They share copies of their paperwork with their powers of attorney and make the decisions what they share and with whom.

Congratulations to all the graduates and their families – here’s to a bright and healthy future ahead!