Sending your child to college is a major milestone but comes with important legal considerations. Now that they live independently, handling a medical emergency could be much more complicated. The Wall Street Journal makes the case that, as parents, you must ensure your college-bound student has their documents in order. This way, you can help them if they need it in any situation.
Why are Legal Documents Important for College Students?
When your child turns 18, you lose access to their medical, financial, or academic records. You could face significant hurdles in helping them during emergencies without the proper legal documents. There are four essential legal documents.
HIPAA Waiver
A HIPAA waiver allows your child to grant you access to their medical records. Without this form, healthcare providers cannot share any medical information with you due to privacy laws. This waiver ensures that you stay informed about your child’s health and can make informed decisions in a medical emergency.
Medical Power of Attorney
A medical power of attorney designates someone to make medical decisions on your child’s behalf if they cannot. If your child becomes incapacitated due to illness or injury, you’ll need this document to manage their care. Families without a medical power of attorney will have to delegate important healthcare decisions to people they don’t know.
Durable Power of Attorney
With a durable power of attorney, you can manage your child’s financial affairs if they cannot do so. This can include paying bills, handling bank accounts, and managing investments. This document is particularly important if your child is studying abroad or becomes incapacitated.
FERPA Waiver
The Family Educational Rights and Privacy Act (FERPA) protects the privacy of student education records. A FERPA waiver allows your child to grant you access to their academic records. This can be important if you need to stay informed about their academic progress or assist in managing their education.
Why are Legal Documents Needed?
Without these legal documents, you could face significant challenges in assisting your child. For instance, you could be unable to learn about your child’s condition if they become hospitalized. You would also be unable to make decisions on their behalf to manage their care or finances.
How to Obtain Relevant Legal Documents?
Most of these documents can be obtained online for free or through your attorney. Ensuring that the forms meet your state’s legal requirements is essential. Some documents may require notarization. Here’s a brief guide on how to obtain each:
- HIPAA Waiver: Available online or from your child’s healthcare provider.
- Medical Power of Attorney: Available online, but ensure it complies with state-specific laws.
- Durable Power of Attorney: Obtained from an attorney to ensure it meets state legal standards.
- FERPA Waiver: Available through your child’s college or university.
Do Legal Documents for College Students Vary between States?
The requirements for legal documents for college students can vary by state. If your child is attending college out of state, you may need to prepare valid documents for your home state and the state where your child studies. Consulting with an attorney helps properly prepare and execute all documents.
What If My Child Is Studying Abroad?
A durable power of attorney becomes even more critical if your child studies abroad. This document ensures you can manage their financial matters and make decisions on their behalf if they encounter issues while overseas.
Secure Your Child’s Future Today
Preparing these essential legal documents for college students maintains their safety and your peace of mind. Don’t wait until an emergency arises; take action now.
If you need assistance preparing these legal documents or want to learn more about estate planning for your college-bound student, contact our office today to schedule a consultation. Our experienced attorneys are here to help you navigate these important decisions and ensure your child’s future is protected.
Key Takeaways
- Access to Medical Information: A HIPAA waiver ensures you can receive updates on your child’s health in emergencies.
- Medical Decision-Making: A medical power of attorney allows someone to make medical decisions for your child if incapacitated.
- Financial Management: A durable power of attorney enables you to handle your child’s financial matters if needed.
- Educational Records Access: A FERPA waiver lets you stay informed about your child’s academic progress.
- State Compliance: Ensures documents meet specific state requirements, which is crucial if your child attends college out of state.
- Peace of Mind: Having these documents prepared ensures you can support your child effectively in any situation.
Reference: WSJ (Aug. 14, 2023) “Before Your Child Goes to College, Complete These 6 Important Documents – WSJ”
