Preparing Your Child for College: A Financial Checklist
Have you planned for those unexpected things in the "Life Happens" department?
College is just around the corner, and your almost-adult children could not be more excited. Of course, you have planned for all the expected things that occur at college, but have you prepared for those unexpected things in the "Life Happens" department? Here are some bases you'll want to ensure you've covered:
Durable Power of Attorney
In the event of a serious accident or travel abroad, situations arise where you may need to intervene legally on your child's behalf or that require your child's signature. Have your children that are age 18 or older execute a power of attorney for one or both parents.