Power of Attorney
Even if you are paying for your child’s education, colleges may not release student information – including grades, health, and financial information – to anyone other than the student.
At 18, your child is just beginning to transition to adulthood, but they might already receive all the privacy protections of an adult. While it is important to grant your child the independence they need to grow and mature, it’s also important that parents stay in the loop.
Access Important Records
By properly drafting and signing a Power of Attorney document, you can assure access to vital information and authority to make important decisions on behalf of your child. You have the right to request the release of records including:
- Financial Aid
Prepare For Emergencies
The Power of Attorney may be effective as soon as your child signs it or you can choose to specify that it only activates after a specific event – such as if he or she becomes incompetent.
A Power of Attorney can also be helpful in a number of situations that can arise when students go overseas to study. In emergencies, having a Power of Attorney makes it much easier to contact the local embassy or to wire money from a child’s bank account.
A Power of Attorney helps ensure you are prepared for a worst-case scenario. For example, if something happens to your child at school, such as a serious accident, a Power of Attorney can enable you to make healthcare decisions on behalf of your child.
Power of Attorney Cost
Preparing your child for the move to college is an exciting time, but it is also very stressful. That’s why Cordell Planning Partners offers Power of Attorney services for a one-time nominal charge. If you’re a divorced parent, we’ll even provide these documents at no charge since we know some of you are already struggling to stay informed. You especially need these.
For more information on pricing, contact Cordell Planning Partners to help you determine the best course of action for you and your college-bound student.
With so much to take care of before sending your child off to campus it is easy to overlook things. A Power of Attorney should be one of the top items on your to-do list.