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For Yourself and Your Kids
If 2020 taught us anything, it is the importance of having ALL of your legal forms. It is prudent to update your legal docs every three to five years or if you experience a life-changing event. My friend is a mobile notary and has been very busy notarizing docs throughout the pandemic. I updated my docs after my husband passed away. My daughters were 17 and 23 at the time. Now that life is getting back to normal and my daughters are 24 and 28 respectively, it was time to update our legal docs.
Why Should You Update Your Legal Docs
There are many reasons why you should update your legal docs. Reasons include:
- Death of the person in your will as a guardian or you are widowed
- Divorce or marriage
- A child reaching the age of eighteen
- Change in guardians, personal representatives, or trustees
- An increase or decrease in the value of your estate.
- Change of residency to a new state. State laws may have their own legal requirements for a will or even for guardianship
- The passage of time. Legal documents should be reviewed every three to five years or if there is an important change in your life, such as the death of a spouse.
TBH, it would have been smart of me to update theirs and my legal docs while they were living with me during the pandemic but, like most of us, I kept putting it off. A week before I flew to NY with my younger daughter, who was moving back, I updated our legal docs.
What Are Your Legal Rights With Your 18 Year Old?
HaveUHeard that once your child reaches the age of 18, they are considered a legal adult. Without the proper legal forms, you do not have access to their financial, educational, and medical information. Hopefully, you will never need access but you should have a plan in place just in case. Every adult 18 years or older should have these legal forms. It was not until my daughters were in college that I learned how crucial it is to have access.
- Health Power of Attorney Documents
- Finance Power of Attorney Documents
- HIPAA Release Form.
- Living Will
Mama Bear Legal Forms
Mama Bear was started by two best friends, Niel Nielson and Kelly Loneman. Niel is also a State and Trust Attorney. When their first daughters left for college, Niel recommended they both have a power of attorney just in case they had an accident and needed their help. It wasn’t until three years later at a tennis banquet for one of Kelly’s triplets that a doctor at their table told all of the parents the importance of having Power of Attorney documents for kids before they leave for college.
Based on current privacy laws, it is absolutely essential to have POA signed so doctors like him can talk to parents if their adult children are unable to speak for themselves.
Kelly and Niel had the idea of creating an easy way for parents to create these documents. The name idea, Mama Bear Legal Forms, came from Kelly’s wife. Within a few weeks, the company was up and running.
Get Your Legal Forms Executed
We’ve teamed up with Mama Bear Legal Forms to give you 20% off a Young Adult Power of Attorney. The package includes Health Power of Attorney Documents, Finance Power of Attorney Documents, and HIPAA Release Form. The pandemic created a rush to update your legal forms. It most certainly lit a fire under me to revisit my forms. My adult daughters, like many, only need basic forms. For those that require more extensive and detailed legal forms including a will, consult an attorney or a law firm.
As someone who was widowed at a young age, having our legal forms in place, gave me access that I may not have had in the event of a health emergency.
Of course, we all hope we will never need these forms. However, it is better to be safe than sorry.