Ready or Not, Here Comes Adulthood: Essential Estate Planning for Parents of Soon-to-Be 18-Year-Olds
As parents, we often find ourselves caught in a whirlwind of emotions as our children approach adulthood. It’s a bittersweet time—our babies are about to spread their wings and embark on the next chapter of their lives, often by heading off to college. But amidst the excitement and anticipation, it’s crucial to remember that once they turn 18, our “babies” are legally considered adults. This transition brings with it a new set of responsibilities, including the need for comprehensive estate planning. So, let’s dive into the essential documents parents need to ensure their children’s well-being and security as they take this significant step towards independence.