This article was originally published on Mar 29, 2011 and has been carried over from our previous website. Some legal details, dollar figures, and program rules may have changed since then — please contact us for current guidance.
Child turning 18? Be prepared – Managing Your Money
Once your child turns 18, you lose all legal control over their affairs. If there was an emergency, you would have no right to access their educational, medical or financial information without their express written permission. For a modest fee, parents and their young adult children can purchase the peace of mind that comes with making sure that the right legal documents are in place for just such an unforeseen occasion.