Do you happen to have a newly minted 18-year-old at your house? If so . . .congrats!
A few things:
1. Remind them to exercise their right to shape our democracy by voting this November.
2. After age 18, young adults and their parents can benefit from some basic estate planning.
Parents who offer support with education, insurance, finances, and health care may not have the authority to communicate with schools, medical providers, or financial institutions in appropriate ways on a young adult’s behalf without power of attorney documents giving them authority to do so.
Once appointed, parents can continue to help (think “assist” instead of “rescue!”)
Questions about basic planning for your young world-changer?
We can help.