Documents Every Graduating Senior and College Student Needs

1. Durable
Power of Attorney: This document allows you to manage their financial affairs
(either immediately or in the future) should they travel abroad or become
mentally or physically unable to do so. This includes managing their financial
accounts, renewing their car
registration, or filing a tax return on their behalf.
2. Medical
Power of Attorney: This document allows you to talk with their doctors, see
their medical records, and make medical decisions if they are incapacitated and
unable to do so.
3. HIPAA
Release: The Health Insurance Portability and Accountability Act requires
health care providers and insurance companies to protect the privacy of a
patient’s health care information. The Medical Power of Attorney does not grant
authority until the principal is incapacitated, so if your child’s capacity is
questioned, then HIPAA regulations would prevent access to their protected
health information. By signing a HIPAA release your child can authorize doctors
to share diagnoses and treatment options with you.
4. FERPA
Release: The Family Education Rights and Privacy Act protects access to your
child’s grades, schedule, disciplinary records and other information, unless
they give written consent to disclose the information to you.
If your child
is heading off to college, or is already in college, discuss with them the
realities of a medical emergency or assisting them with financial matters. If
they are resistant, reassure them that these documents are revocable and can be
short in duration.