News & Analysis as of September 21, 2024

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Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process. less -

Basic Estate Planning Documents for the College-Bound

Burns & Levinson LLP on 8/3/2023

If you are the parent of a recent high school graduate who is preparing to head off to college this month, expand your to-do list beyond shopping for dorm room essentials and consider meeting with an estate planning attorney...more

Do You Have a College Student? Important Health Care, Financial, and Educational Documents That They (and You) Need

Goulston & Storrs PC on 8/10/2022

August is upon us and you may soon be sending children off to college. If your child is age 18 or older, you and your child will need to take some simple steps so that, in the event of an emergency, you will be able to make...more

Parents: The Three Essential Legal Documents Your Child Should Have Before Leaving For College

Foster Swift Collins & Smith on 7/19/2022

In Michigan, the age of majority is 18 years. This means that when a person turns age 18, they are no longer a minor and are considered to be a legal adult. Consequently when your child turns 18, you no longer have the legal...more

Add “Powers of Attorney” to Your College Student’s Back-to-School Checklist

Ruder Ware on 8/4/2021

If you’re preparing to send a child off to college this fall, you should add two documents to your back-to-school checklist: (1) a power of attorney for health care, and (2) a durable power of attorney for finances. Without...more

Before Your Child Leaves Home

Conn Kavanaugh on 8/21/2019

Do you have a child who is leaving home for the first time for college, travel or employment? If so, before they go, talk with your child about signing a HIPAA release, a healthcare proxy and a power of attorney. A qualified...more

Why Every College Student Needs Basic Estate Planning, and Other Practical Advice as Your Child Heads Off to College

Farrell Fritz, P.C. on 6/22/2018

Despite scientific research, an 18 year old college student is generally considered an adult under New York law. Parents’ rights to make decisions for their child change suddenly when he/she turns age 18. Parents no longer...more

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