Call: 781.996.5656
781.996.5656
info@MBAKERLaw.com        COVID-19: Phone and Virtual Consultations Available
Baker Law Group P.C. – Estate PlanningBaker Law Group P.C. – Estate PlanningBaker Law Group P.C. – Estate PlanningBaker Law Group P.C. – Estate Planning
  • Home
  • Practice Areas
    • Estate Planning
      • Overview
      • Estate Planning Attorneys
      • High Net Worth Estates
      • Asset Protection
      • Durable Powers of Attorney
      • Homestead Declaration
      • Trust Types Explained
      • Retirement Accounts
      • Healthcare Proxy / Medical Directive
      • Living Wills
    • Elder Law
      • Overview
      • Asset Protection and Elder Law
      • Life Estate Deed
      • Masshealth / Medicaid
      • Long-Term Care / Nursing Home
      • VA Benefits
      • FAQS for Elder Law (MA)
      • Elder Law Attorneys
    • Trust, Will & Estate Administration
      • Overview
      • Estate Administration Wrongful Death
      • Federal Estate Tax
      • Probate Attorneys FAQ
    • Guardianship and Conservator
      • Guardianship Attorney
    • Premarital Agreements
    • Business Planning
      • Selecting a Business Structure
      • Business Asset Protection
      • Limited Liability Company (LLC)
    • Massachusetts Lottery Trusts
  • Baker Law Group
    • About Us
    • Attorney Profiles
  • Client Reviews
  • Blog
  • Media
  • Contact Us
  • 781-996-5656

Estate Planning Tips for Kids Heading Off to College

    Home Estate Planning Estate Planning Tips for Kids Heading Off to College
    NextPrevious
    Man and woman student on college campus. Sitting on bench outside, wearing face masks and working on laptops

    Estate Planning Tips for Kids Heading Off to College

    By Michael Baker | Estate Planning | Comments are ClosedSeptember 11, 2020 | 0

    Simple Estate Planning for Students

    It is back-to-school season and many students have moved to college campuses for the very first time.

    For parents, having a child reaching legal adulthood, leaving home for the first time, and spending extended amounts of time away can be a bit of a shock. In the era of COVID-19, there can also be an understandably larger amount of concern about the child’s wellbeing when they leave home.

    Taking all of this into account, it is sensible to perform some simple tasks for any college-aged children you have living away at campus. Here are 4 important documents and legal protections to put in place with estate planning for students.

    1. Healthcare Proxy

    With a healthcare proxy (also known as healthcare power of attorney) document, a student can:

    (1) choose an individual  to be notified of any healthcare crises that arise;

    (2) authorize that chosen person to access their medical records; and

    (3) allow that person to make certain healthcare decisions on their behalf, generally in accordance with preferences laid out in advance directives.

    For students, their parents are typically chosen as the healthcare proxy.

    2. Advance directives

    Advance directives contain instructions about the kinds of healthcare decisions the student would like should they be unable to make those decisions themselves due to incapacitation.

    3. Financial power of attorney

    Financial power of attorney is a document that enables a chosen individual to act on behalf of the student for financial matters. Once again, in the case of a college student, parents are commonly chosen. This legally allows parents to manage finances and assets if the child becomes unable to do so themselves.

    4. Will

    A will is the most basic estate planning document. The will is used to outline the student’s wishes with regard to what happens to their assets and estate upon their passing. Because college students typically do not have very many assets, their wills are also quite likely to be very simple.

    Know the Health Providers

    Beyond creating these simple estate planning documents, college students going away to campus and their families should also take other steps to ensure their safety. Take note of where hospitals and urgent care clinics are near the university, and investigate the services offered by the campus’s own health system. Students should also find trusted people in their dorms or friend groups who they can go to for assistance in an emergency scenario.

    Parents should make sure to send their children back to school with copies of their health insurance card in the event of an urgent care or hospital trip.

    For more information about estate planning for students and legal protections for a college student who is away at school, contact an experienced estate planning lawyer at Baker Law Group, P.C.

    About Baker Law Group P.C.

    Baker Law Group specializes in Elder Law, Estate Planning and Estate Administration. Our offices are located Hingham, Plymouth, Brockton, and Holliston Massachusetts. View our attorney profiles.

    We offer a complimentary initial consultation. To Schedule:

    Complete Online Form or

    781-996-5656 Call

    800-701-0352 Call Toll Free

    info@MBakerLaw.com Email

    advance directives, collete, Power of Attorney, proxy, student, Will

    Related Post

    • Grandfather Giving Granddaughter Ride On Shoulders As They Walk Through Sand Dunes With Grandmother

      The 5 Most Important Estate Planning Documents

      By Michael Baker | Comments are Closed

      If you are preparing to create an estate plan for the first time, it’s important to include all of the most essential estate planning documents and directives in your plan. Your attorney will guide youRead more

    • Young couple in the kitchen playing with a baby

      Why You Need More than a Will for Estate Planning

      By Michael Baker | Comments are Closed

      A will is a highly beneficial estate planning tool—the vast majority of estate plans will include a will. However, a will alone is not enough for you to take care of all of your affairsRead more

    • Son with disabled father in wheelchair at park taking selfie with smart phone.

      Durable Power of Attorney – Avoiding Conservator Appointment

      By Michael Baker | Comments are Closed

      Conservatorship is the process where a person is appointed by the probate court to handle another person’s finances. The court may take such action for the individual’s own protection and welfare if they are unableRead more

    • Avoid Probate with a Durable Power of Attorney

      By Michael Baker | Comments are Closed

      A Durable Power of Attorney is a legal document that allows you to choose an agent (or “attorney-in-fact”) who can act for you in certain financial matters. It is an important tool to add toRead more

    • The back view of grandfather with hat and grandchild walking on a nature path

      What is the Difference Between a Will and a Trust?

      By Michael Baker | Comments are Closed

      Wills and trusts are two types of estate planning tools that are used to transfer assets to heirs upon the death of the creator. How the asset transfer occurs, and the level of protections availableRead more

    NextPrevious

    Schedule a Free Consultation

    • This field is for validation purposes and should be left unchanged.

    Recent Posts

    • Best 2021 New Year’s Resolution for Your Family
    • What to Know about Federal Estate Taxes
    • Why You Need More than a Will for Estate Planning
    • Durable Power of Attorney – Avoiding Conservator Appointment

    BLOG Article Categories:

    Explore Baker Law Group P.C.

    Estate Planning

    Elder Law

    Trusts, Wills and Estate Administration

    Guardianship and Conservator

    Premarital Agreements

    Business Planning

    Boston/South Shore Office

    72 Sharp St, Suite A5
    Hingham, Massachusetts 02043
    800-701-0352
     
    View Map/Directions
    Write a Review

    MetroWest/Boston Office

    841 Washington Street
    Holliston, Massachusetts 01746
    800-701-0352
     
    View Map/Directions
    Write a Review

    Southeastern MA Office

    130 Liberty Street, Suite 2A
    Brockton, Massachusetts 02301
    800-701-0352
     
    View Map/Directions
    Write a Review

    Plymouth/Cape Cod Office

    36 Cordage Park Circle, Suite 217
    Plymouth, Massachusetts 02360
    800-701-0352
     
    View Map/Directions
    Write a Review
    DISCLAIMER: Material presented on the this website is intended for information purposes only. It is not intended as professional advice and should not be construed as such. The services of a competent professional should be sought if legal or other specific assistance is required. Some links within this website may lead to other sites and Baker Law Group, P.C. does not necessarily sponsor, endorse or otherwise approve of the materials appearing in such sites.

    MBAKERLaw.com Copyright 2020 Baker Law Group Privacy Policy | Site by: BWG | All Rights Reserved
    • Home
    • Practice Areas
      • Estate Planning
        • Overview
        • Estate Planning Attorneys
        • High Net Worth Estates
        • Asset Protection
        • Durable Powers of Attorney
        • Homestead Declaration
        • Trust Types Explained
        • Retirement Accounts
        • Healthcare Proxy / Medical Directive
        • Living Wills
      • Elder Law
        • Overview
        • Asset Protection and Elder Law
        • Life Estate Deed
        • Masshealth / Medicaid
        • Long-Term Care / Nursing Home
        • VA Benefits
        • FAQS for Elder Law (MA)
        • Elder Law Attorneys
      • Trust, Will & Estate Administration
        • Overview
        • Estate Administration Wrongful Death
        • Federal Estate Tax
        • Probate Attorneys FAQ
      • Guardianship and Conservator
        • Guardianship Attorney
      • Premarital Agreements
      • Business Planning
        • Selecting a Business Structure
        • Business Asset Protection
        • Limited Liability Company (LLC)
      • Massachusetts Lottery Trusts
    • Baker Law Group
      • About Us
      • Attorney Profiles
    • Client Reviews
    • Blog
    • Media
    • Contact Us
    • 781-996-5656
    Baker Law Group P.C. – Estate Planning