A: Yes! We typically recommend young adults execute a Durable Power of Attorney, Advance Health Care Directive, and HIPPA Waiver. Since your son is now legally an adult, you no longer have authority to act on his behalf in the event of an emergency or otherwise. He needs to execute the appropriate documents if he wants you to be able to assist him with financial and medical issues. Some young adult clients choose to give their parents (or other responsible adults in their lives) authority to act only if they have lost capacity and cannot make their own decisions, while others choose to give their parents immediate authority so that they have more assistance while they adjust to life as an adult. We are happy to discuss all of the options with your son during a complimentary consultation.
Q: My son recently turned 18. Are there any legal documents that would be useful for him to put in place?
by Rose Law Firm of Napa Valley, Inc. | Jun 1, 2022 | Estate Planning, Q&A |
Categories
- Annual and Lifetime Gift Tax Exclusions (7)
- Business (9)
- Conservatorships (2)
- Español (3)
- Estate Planning (174)
- Joint Tenancy (3)
- Q&A (188)
- Succession Plan (4)
- Title and Deeds (24)
- Trust And Estate Administration (63)
Recent Posts
- Q: My partner and I are not married and do not plan to marry. Can we still benefit from an estate plan?
- Q: My partner and I are not married and do not plan to marry. Can we still benefit from an estate plan?
- Q: I own a business and a home. Should I still have a living trust even if I am unmarried and don’t have any children?
- Q: Is it true that my mother’s estate, which was rather modest, will not require a full probate because of its relatively small value?
- Q: My uncle died and his estate needs to go through probate. He did not have a Will. Who will receive the assets of his estate at the end of the probate?
Connect with us
Pay Online Here
