It might seem a little strange or even morbid to suggest that your new Cincinnati college student see a Cincinnati estate planning attorney. When people go to college, they do not normally think that something bad could happen to them anytime soon, and certainly nothing that will lead to death.
However, there is nothing morbid about it.
People should see an estate planning attorney as part of their college preparations. If for no other reason, this should at least be done to get a power of attorney, as Financial Advisor points out in "College Students Need A Power of Attorney."
It is not that something will happen to new college students. However, it could. Consequently, it is best to be adequately prepared.
For most people, as they grew up, they never had to worry too much about what would happen if they had a serious accident.
If anything did happen, then their parents would be able to manage everything.
That changes once students are adults.
Parents cannot legally do things, such as take money out of a bank account to pay bills or make medical decisions, if necessary.
Therefore, how do parents get that legal authority?
The young adults in their life should sign powers of attorney giving them (or someone else) the ability to manage things, in the event there is an accident or illness causing incapacity.
While it is unlikely that it will ever be necessary, preparing for the possibility is a good idea.
Remember: “An ounce of prevention is worth a pound of cure.” When making your estate plans or when probating an estate or administering a trust, do not go it alone. Be sure to engage a Cincinnati estate planning attorney.
For more information about estate planning, probate or trust administration in Cincinnati (and throughout the rest of Southwest Ohio) and to review free resources regarding estate planning, probate or trust administration, visit my website. If you have questions regarding this article or a particular legal matter, feel free to contact me at 513-399-PLAN (7526).
Reference: Financial Advisor (Aug. 22, 2017) "College Students Need A Power of Attorney."