The Wealth Counselor (for Clients)
Estate Plans for College Students and Other Young Adults
Why It’s the Perfect Time to Set Your Kids Up for Success
As spring break swiftly approaches, the parents of young adults experience a mixed bag of emotions.
It can be exciting to see your children branching out and becoming successful adults in their own right — a time full of hard work and self-discovery that hopefully lays the groundwork for a fulfilling career in the coming years.
But, it can also be a time of anxiety for some parents. We all want to know that we are doing absolutely everything we can to make sure our kids stay safe, healthy, and secure so they can pursue their dreams to the fullest.
Preparing for legal adulthood
Whether your child is just turning the corner on their senior year of highschool or they’re already in the midst of their undergraduate studies, their 18th birthday undoubtedly marks the transition to adulthood when it comes to their legal affairs. This can impact you as their parent in a few distinct ways:
A simple way forward
Turning 18 isn’t just an opportunity to be able to vote or serve in the military. It’s also the first time individuals need to come in and have a conversation about estate planning.
As a parent, it’s an opportunity to help your child enter the world of adulthood and maturity. It also presents a unique opportunity for families to work together toward a common goal and can serve as a bond-strengthening experience for parents and children alike.
Here are some of the preliminary documents we can use to lay the foundation of your children’s estate plans:
Now is the right time to act
Estate planning for young adults doesn’t need to be prohibitively expensive or time-consuming. Work with us to build a comprehensive plan so you and your children can get back to the business of being in such an exciting part of life.
Whether your children are returning from spring break trips or getting ready for graduation in a few months time, now is a great opportunity to give us a call today to discuss how we can work together to keep your children and family fully protected, no matter what life brings their way.
Sellers Johnson Law • 1 Research Court, Suite 450 • Rockville, Maryland 20850 • (240) 988-5530