Timothy Barrett, of Argent Trust Company, has made available for download his article, “Legal Advice for Parents with Kids in That ‘Awkward Stage’ of Semi-Adulthood,” published in The Kiplinger Washington Editors. The abstract is as follows:
For guidance on preparing a financial power of attorney and patient advocate designation for your semi-adult child, you should consult your estate planning attorney or contact your local bar association for a referral. Although there are many online forms you may purchase to do it yourself, I advise against it if you can afford the attorney fees. Although there is no guarantee that a POA will be sufficient to achieve its purposes or be accepted by the receiving party, you will have greater success with one drafted by an attorney experienced with the state laws that may govern its use.
To see the full article, click here: “Legal Advice for Parents with Kids in That ‘Awkward Stage’ of Semi-Adulthood”
Posted by Elise Kim, Managing Associate Editor, Wealth Strategies Journal.