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College is the time for kids to finally leave the nest and explore the world on their own without mommy and daddy hovering over their shoulders. But college students still need a little help.
GoGo Estate's® Student Plan is designed to help college students adjust to their new living arrangement by giving their parents (or someone else) the power to manage their financial and healthcare needs. Because most college students are over 18, they are considered legal adults. Thus, parents have no ability to make decisions (even critically important ones) for them without the essential documents included in the Student Plan.
Why Have a Student Plan?
- Healthcare support
- Financial assistance
- Student loan concerns
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A Durable Healthcare Power of Attorney allows someone else to make healthcare decisions for you, including course of treatment decisions, the right to hire and fire doctors, and the receive medical records. This is an essential document to any well-rounded estate plan. The person authorized to make decisions for you is considered your "agent," and they can make decisions for you either immediately when you sign the document or upon your incapacity.
A Durable General Power of Attorney allows someone else to make financial, personal, and other decisions on your behalf (except for healthcare) during your lifetime. The powers included in this power of attorney include the ability to manage bank accounts, real estate, and credit cards, as well as signing documents and hiring financial advisors and attorneys on your behalf.
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