Why College Students (and Their Parents) Should Think About Estate Planning Now
As August rolls in, many families are sending their children off to college—an exciting and emotional milestone. While the focus is often on dorm room essentials and tuition payments, there’s an important subject that often gets overlooked: estate planning for college students.
You might be thinking, “My child is only 18. Why would they need an estate plan?” But turning 18 is more than a symbolic step into adulthood—it’s a legal one. Once your child reaches this age, you (as a parent) no longer have automatic access to their medical records, financial accounts, or the legal authority to make decisions on their behalf in an emergency.
Here’s why families with college-bound young adults should consider basic estate planning:
1. Health Care Directive and HIPAA Authorization
If your college student gets sick or injured and is unable to make decisions, you may not be able to access their medical information or make choices for them. A Health Care Directive (also known as a Medical Power of Attorney) gives a trusted adult the authority to make medical decisions if your child is incapacitated. A HIPAA authorization allows doctors to share your child’s health information with you.
2. Durable Power of Attorney
This legal document enables you to manage your student’s finances—pay bills, handle banking, and even speak to landlords or credit card companies—if they’re unable to do so themselves. Whether your child is studying abroad or hospitalized, this can be a lifesaver in emergencies.
3. FERPA Waiver
The Family Educational Rights and Privacy Act (FERPA) protects a student’s academic records once they turn 18. With a FERPA waiver, you can access your child’s grades and other school-related information—especially useful if you’re footing the bill for their education.
4. Peace of Mind for Everyone
Having these documents in place doesn’t take long, and it gives both parents and students peace of mind. Emergencies don’t always come with warnings, and preparation is an act of love—not pessimism.
Start the Conversation Today
Estate planning isn’t just for the elderly or wealthy—it’s about being proactive. At Cannon Legal Firm, we’re here to guide families through every life stage, including this new chapter. We make the process simple, affordable, and stress-free.
Let’s protect your student’s future—just like you always have.
📍 Schedule a consultation with Cannon Legal Firm today.
📞 Call us or visit https://cannonlegalfirm.com to learn more about estate planning for young adults.
Cannon Legal Firm | Trusted. Respected. Local.
Proudly serving Long Beach and beyond with 5-star estate planning and probate services.