As you and your family celebrate the milestone of high school graduation, please take a moment to ensure that your loved ones who have turned eighteen have completed the essential legal estate planning documents. If they haven’t done so, make sure these checklist items are in place before they leave for college in the fall.
Federal privacy laws prohibit healthcare providers from sharing personal information without prior permission from an adult (18 years and older) patient. The execution of a Health Insurance Portability and Accountability Act (HIPAA) authorization form gives parents access to a student’s medical information in an emergency. Your student’s college or university may have a particular form online for you to submit with his/her other pertinent records.
A Healthcare Power of Attorney form permits your student to designate a healthcare agent to make decisions if he or she becomes incapacitated.
An Advance Care Directive instructs healthcare providers to withhold or withdraw life-sustaining measures in certain situations.
You may purchase a DocuBank Membership (www.docubank.com) to provide healthcare providers immediate access to your student’s emergency contact information and certain legal documents regarding healthcare.
Please feel free to contact Whit Wilks, JD, CFP® regarding any of the issues contained in the checklist. In addition, Whit would be delighted to meet with you to review your current estate plan.
IMPORTANT NOTICE
Novare Capital Management, LLC (“Novare Capital”) is an independent SEC registered investment advisor. Advisory services are only offered to clients or prospective clients where Novare Capital and its representatives are properly licensed or exempt from licensure. The information furnished is intended to be general and educational in nature. It does not constitute investment advice and it should not be relied on as such. It does not take into account any investor’s particular investment objectives, strategies, tax status, or investment horizon. You should consult your tax and financial advisor. Past performance is not indicative of future results. All investment involves risk and should be carefully considered. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information, and Novare Capital shall have no liability for decisions based on such information. Unless stated otherwise, any estimates, projections (including performance and risk), or predictions given are intended to be forward-looking statements and speak only as of the date of this presentation. Such estimates are subject to actual known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those projected.
