When you were a minor (under the age of 18), your parents were considered your legal guardians and were responsible for making all of your decisions for you. Although this new found freedom may sound exciting, there are a few things you need to consider:
● Access to medical information
● Medical decisions
● Financial decisions
● Managing your stuff when you die
Parents and young adults often ask us:
"My child just turned 18 and will be heading to college in the fall, what do I need to do?"
For a young adult going to college, we recommend having the following documents prepared, at a minimum: Financial Power of Attorney, Health Care Power of Attorney, and HIPAA Authorization Form.
"How old do you need to be to have an estate plan?"
Everyone needs estate planning, no matter their age, and everyone age 18 or older needs his or her own estate plan. In fact, if they do not create their own plan, the laws of intestacy in their state have written a plan for them--which may or may not be in line with their personal wishes.
We are here to help you navigate this next chapter in your life and ensure that you are protected for the future to come.