UPCOMING EVENTS

SEMINARS FOR SEPTEMBER 2017

MONROEVILLE
Tuesday, September 12, 2017
2:00PM
The Estate Planning Centers
3824 Northern Pike, Suite 801B
One Monroeville Center
Monroeville, PA 15146
Just west of Red Lobster on Rt. 22

MURRYSVLLE / DELMONT
Tuesday, September 12, 2017
7:00 PM
Holiday Inn Express
Delmont/Murrysville
6552 Route 22
Delmont, PA 15626
Behind Lamplighter Restaurant on Rt. 22

MURRYSVLLE / DELMONT
Thursday, September 14, 2017
2:00 PM
Holiday Inn Express
Delmont/Murrysville
6552 Route 22
Delmont, PA 15626
Behind Lamplighter Restaurant on Rt. 22

MONROEVILLE
Thursday, September 14, 2017
7:00 PM
The Estate Planning Centers
3824 Northern Pike, Suite 801B
One Monroeville Center
Monroeville, PA 15146
Just west of Red Lobster on Rt. 22

MONROEVILLE
Saturday, September 16, 2017
9:30 AM
The Estate Planning Centers
3824 Northern Pike, Suite 801B
One Monroeville Center
Monroeville, PA 15146
Just west of Red Lobster on Rt. 22

 
 

 
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Proudly serving clients throughout Allegheny, Westmoreland, Butler, Fayette, and Washington Counties; including Pittsburgh, Monroeville, Greensburg, Latrobe, Cranberry, Wexford, Sewickley and YOUR community.
College Students and Summer Estate Planning
 
Everybody loves the summer, and perhaps none more so than college students home for summer break.  Before summer gets too busy, we urge parents of high school graduates or college-age children to take a moment to consider whether they have taken the necessary steps to responsibly send their children off into the world.  Parents need to arrange now for preparation of emergency documents which will permit a parent to be informed about their child’s medical condition, oversee their child’s medical care and manage their finances in the event of an emergency.  Otherwise, federal privacy and banking laws prevent or delay a parent’s ability to help their child during times of crisis.
 
Parents Are Left On The Sidelines
 
Our college students have turned 18, or will soon, and are now considered legally adults, with independent authority over their affairs. This is true even though parents continue to provide tuition payments, health care coverage, room and board, transportation and more.  Once your children are legal adults, you no longer legal control over their personal and financial affairs.  In fact, parents have very few rights upon their children turning 18.  
What happens if your child suffers an accident or serious injury while away at school? You may no longer get to assist in overseeing their care.  If you or the student needs access to their financial accounts, the bank can’t let you do so unless you have Power of Attorney, are a joint owner, or you pursue the expense of guardianship.  Want to see a copy of their transcript?  Good luck without a signed Power of Attorney granting you such access. Even your child’s medical condition and care can be withheld from you under the federal HIPAA statute, which often concerns parents the most.
 
Will You Be Able To Ask About Your Children?
 
HIPAA is the Health Insurance Portability and Accountability Act, passed by Congress to protect the use and disclosure of private medical information.  Without written authorization, a medical facility is severely limited in the information it can disclose about a patient to anyone, even a parent.  While a medical care provider might exercise some discretion in the absence of a signed HIPAA authorization for disclosure, oftentimes the medical institution is going to err on the side of withholding information in order to avoid a possible HIPAA violation which could expose it to sanctions and/or liability.  Even beyond disclosure, who is the decision maker if the student is unconscious or delirious? 
 
Planning Opportunities
 
Most parents and students want their physicians to be able to communicate with the parents if the student is ill or injured, and want the parents to be able to manage the student’s medical and financial affairs at such times as well.  A basic legal package for college students should include a HIPAA release, a Health Care Power of Attorney to authorize medical decisions, and a General Power of Attorney to permit management of the student’s financial and other affairs. For a few hundred dollars at most, a parent can cover these bases for the student with plan documents which will take them all the way through college, and beyond if necessary. As a service to our clients and their advisors, we offer this basic package for $250.00, which can be executed under our supervision here at the offices. Alternatively, we can draft it for you to sign and have notarized yourself. 
 
Contact us today to start this process, before summer slips away. Don’t let protecting your family be one of those things you meant to do, but didn’t.  As always, we are available to answer any questions you may have regarding estate planning issues for your family or your family-owned business.