Sophisticated Woman Magazine_March 2021

Page 29

legal

Spring Estate Planning Reminders WRITTEN BY CHRISTIE TOURNET

BEFORE WE KNOW IT, the school year will be complete. So, as we approach springtime, there are a few estate planning considerations. Before heading out this summer, consider if you have these few estate planning items checked off your list. Child gearing up for College? Once your child becomes 18, you no longer have that default, legal authority to manage the child’s financial or health care decisions—even if you pay tuition, health insurance premiums, or claim the child as a dependent. But, having the child put a Power of Attorney in place in favor of a parent or another trusted adult can provide considerable benefits if an unexpected event or accident occurs, if health care decisions must be made, or if the child plans to travel or attend school abroad. Making Plans to Travel? Are you considering taking a business or spouse-only trip but need someone to care for your children? A Provisional Custody by Mandate is a Power of Attorney of limited duration and basis. This legal document provides another adult with legal authority to act on the

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child’s behalf and you do not have to go to court, but

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instead, can quickly and cost-effectively complete the document. The provisional custody document can permit that trusted adult with decision-making authority for summer camps and extracurricular

The Northshore’s Best

activities, registering a child for school, and even seeking medical treatment. Have you completed your Will? A Last Will to continue to provide physical and emotional care for a child in the event that both natural parents pre-decease a minor child. This appointment provides peace of mind and can alleviate chances for conflict with court appointment of a guardian. In addition, a

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Christie Tournet & Associates, LLC, provides estate planning, estate administration and commercial law services. The practice is located at 1795 W. Causeway Approach, Suite 103A in Mandeville. 985-951-2177, tournetlaw.com.

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