The Best Should I Get Power Of Attorney For My College Student Ideas. After all, they often have absolutely no money of their own. Ability to sign checks to pay for tuition, room & board, and other expenses.
Communicating with your child about the importance of these documents is paramount. That said, even if it’s you putting money in student bank accounts, you’ll need a way to get into the accounts in certain. A financial power of attorney can be helpful if the adult child needs a parent to access his/her bank accounts or pay any bills on behalf of the adult child while they are away at school or if they cannot do so on their own for any reason.