If your child or loved one is over 18 years of age and under 22, there’s a strong likelihood that they are still in school or are unmarried without children. As we face the coronavirus global pandemic, you should consider asking them to put in place two documents that allow you to help them if it becomes necessary: Advance Directive for Health Care and a Durable Financial Power of Attorney.
1. Advanced Health Care of Attorney
A medical power of attorney allows your child to name a parent as their agent to make health care decisions if they are unable to make and communicate decisions at a later date, including withholding or withdrawal of life-sustaining procedures. The Health Care POA also allows the agent to choose whether to donate organs and to make burial arrangements.
2. Durable Financial Power of Attorney
A durable power of attorney lasts indefinitely. In most cases, a durable power of attorney (DPOA) is used to allow the designated person – such as a parent – to handle affairs in a specific area of a person’s life, such as in financial or health matters if you become incapacitated.
As your young adult child transitions to full adulthood and independence, you can continue to protect their best interests and look out for their welfare in case of an emergency. Part of maturing is teaching your adult child how to plan for their future, and protect themselves from unpleasant realities. An experienced estate planning attorney can advise you on how to create legal documents that will protect your adult child in the future.
Protecting your family and providing peace of mind to your family members can be achieved with expert guidance from the estate planning attorneys at Estate & Probate Legal Group in Illinois today at 630-800-0112.