A child going to college is widely considered the first major step for moving from childhood into adulthood. However, many parents do not associate this milestone with a need to consider estate planning for the child. The reality is once a child turns 18 years old, the parents no longer have any legal parental rights over the child. To put it bluntly: once a child turns 18, his or her parents no longer have any legal say over medical or financial decisions involving the child.
Therefore, every child over the age of 18 should execute a Health Care Proxy and a Durable Power of Attorney.
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