Why College Students Need to Have Estate Plans

Why College Students Need to Have Estate Plans

As schools plan to reopen in the fall, colleges included, parents and their children are faced with a critical decision: should they go back, and if so, what will happen if they get sick? Recently, Attorney Katz of J.D. Katz, P.C., was interviewed on Fox News regarding some of the various estate planning documents all college students should have in place, should they ever contract the virus or otherwise become sick. Please continue reading and watch the video below to learn more about estate planning for college students in Maryland.

What estate planning documents should every college student have in place?

  • Durable Power of Attorney: This document allows parents, as long as they are designated as the agent, to make certain medical decisions on behalf of their child. This document will have to be executed in front of a notary.
  • Healthcare Power of Attorney: This will allow a college student’s parent to make certain key medical decisions on his or her behalf, should he/she ever become incapacitated. This document will also allow the parent to admit their child to certain medical facilities and access medical records under HIPAA.
  • Living Will/Advance Healthcare Directive: This document also allows parents to make certain medical decisions on behalf of their child, though these decisions generally involve situations wherein the child requires certain end-of-life medical decisions, such as whether he or she should be placed on a ventilator, etc.

In many cases, schools are requiring those attending them to sign certain risk waivers, or other documents that essentially limit their rights, should they ever contract the virus or otherwise become sick. This is why it is so crucial you hire an experienced Maryland estate planning attorney who can go through these documents with you and ensure that you are not signing anything that you do not agree with. If you have any additional questions, please do not hesitate to reach out to our experienced firm today. We have helped countless individuals through the estate planning process, and we know we have what it takes to do the same for you. All you have to do is give us a call.

Contact our experienced Montgomery County, Maryland firm

The attorneys at JD Katz have years of experience compassionately guiding clients in Maryland through the estate planning and administration process. Our firm also has experience with matters of elder law, business law, tax law, and litigation. For a legal team that will put your needs first, contact JD Katz today.

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