Free Powers of Attorney for Young Adults Ages 18 to 22
FREE!!! YES, FREE POWERS OF ATTORNEY FOR YOUNG ADULTS AGES 18-22
As we approach the graduation season, I am reminded that a large number of young adults will soon be leaving for college, junior college, the military, or just leaving home. It is important to note that these young adults are adults and their parents no longer have any right to get information about their doctor visits or insurance information, even if they are paying the bill. Welcome to HIPAA, the Health Insurance Portability and Accountability Act of 1996 that provides data privacy and security provisions for safeguarding medical information.
Enter the Power of Attorney for Health Care and the HIPAA release. By signing a Power of Attorney for Health Care and the HIPAA release, the young adult can authorize their agent to access doctor records and insurance claims. The POA allows the principal to appoint an agent and determine when that agent has the authority to access the records. The authority can be immediate or withheld until the principal is incapacitated. The principal makes that determination when the POA is signed.
The Power of Attorney for Property allows the agent to act on behalf of the principal in legal and financial matters. The POA for Property can also be immediate or springing into effect upon the happening of a future event, such as a disability.
While I am focusing on young adults, the Power of Attorney for Health Care and for Property are documents that every, and I mean every, adult must have. The cost of preparing and executing the document is minimal, but the cost of not having them is substantial when a guardianship becomes necessary.
Finally, if you haven’t had your Powers of Attorneys reviewed and updated in the last 5 years, it is time to come in and have them reviewed. Digital assets and IRA authorizations are new and increasingly becoming a problem if they are not properly done.
Give us a call and set an appointment to come in and get peace of mind.
This content of this blog is intended for informational purposes only. It is not intended to solicit business or to provide legal advice. Laws differ by jurisdiction, and the information on this blog may not apply to every reader. You should not take, or refrain from taking, any legal action based upon the information contained on this blog without first seeking professional counsel.