Most people think powers of attorney are only for elderly individuals.
In reality, one of the best times to sign a power of attorney is immediately after turning 18.
What Is a Power of Attorney?
A Durable Power of Attorney allows someone you trust to assist with financial and legal matters if you become unable to handle them yourself.
This doesn’t mean you lose control.
As long as you’re capable of managing your affairs, you continue making your own decisions.
The document simply provides a plan if something unexpected occurs.
Situations Where It May Help
A power of attorney can be valuable if your student:
- Is hospitalized
- Studies abroad
- Suffers a serious illness
- Experiences a traumatic injury
- Is temporarily incapacitated
What Can an Agent Do?
Depending on how the document is drafted, an agent may assist with:
- Banking
- Insurance claims
- Housing issues
- Vehicle matters
- Financial transactions
- Government paperwork
Why Families Shouldn’t Wait
Without a valid power of attorney, family members may need to pursue guardianship or conservatorship through the courts—a process that can be expensive, time-consuming, and emotionally difficult.
Creating a power of attorney before it’s needed is often the simplest approach.
