Consider giving a gift that will make your graduate’s life a little bit easier as they enter their next chapter of their life! Powers of Attorney are legal documents that will allow you to help your graduate transition into adult life by providing someone in their life the ability to make and carry out financial and medical decisions on their behalf.
Financial and Medical Powers of Attorney generally allow a person (the “principal”), to name people (“agents”) who can step in to make decisions for the principal or manage tasks, when he or she is unable to do so. These documents are useful not only in times of unforeseen urgency, such as a medical emergency, but also in daily activities, such as paying bills or executing agreements.
For young adults, whether a graduate or not, these important documents are often overlooked due to age in relation to minority. It’s not commonly known that when a person reaches the age of 18, parents and family members no longer have the same rights and abilities to step in and assist when the need arises. Emergencies occur and life often requires the assistance of loved ones. By having these documents in place, one can ensure that family members have the legal ability to assist when the time comes.
If you graduate is over the age of 18, they should have the proper documents to ensure that in the face of an emergency, family members can step in and make decisions as and when needed. Chauvel & Glatt can assist young adults in creating these crucial documents during exciting times of personal growth. Consider giving the best graduation gift ever! For more information about getting Powers of Attorney contact the Estate Planning Attorneys at Chauvel & Glatt.
The material in this article, provided by Chauvel & Glatt, is designed to provide informative and current information as of the date of the post. It should not be considered, nor is it intended to constitute, legal advice or promise similar outcomes. For information on your particular circumstances, please contact Chauvel & Glatt at 650-573-9500. (photo credit 123rf.com)