College Legal Documents Needed
Congratulations to the Class of 2020! Do you have a student going off to college or already living away at school? They need some legal documents in place. Summer is a good time to get the paperwork lined up for:
- 529 Plan—College expenses paid through this account can potentially be a tax write off
- Living Will—End of Life Directives
- Medical Power of Attorney--If your child becomes incapacitated, you can make medical decisions on their behalf
- HIPAA form-- Allows you to get updates on your child’s medical condition
- General Durable Power of Attorney-- This allows another person (parents) to make financial and legal decisions and transactions on the student’s behalf, such as
- Breaking a lease
- Applying for government benefits
- Filing taxes
- Paying Bills
- Managing bank accounts
Click here for more information.
I’d be happy to guide you through the process. Start now, it takes some time.
Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.
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