Don't Forget the Essentials: Estate Planning for College-Bound Kids
Sending your child off to college is a momentous occasion. Dorm room must-haves, packing lists, and goodbyes are all part of the process. But amidst the excitement, there's one crucial step that often gets overlooked: estate planning for your young adult.
Summer Estate Planning with College-Age Kids - Securing Your Legacy Before the Empty Nest
As the summer breeze rolls in and your kids prepare for the exciting journey of college life, it's time to think about securing your legacy and ensuring peace of mind. Estate planning may not be the most glamorous topic, but it's a crucial step for every super mom preparing for the empty nest season. So, while the kids pack their bags, grab a refreshing lemonade, and let's dive into some essential tips to get your estate plan in order before they spread their wings.
Attention, Parents: It’s Time to Chat About Important Family Decisions with Your College-Bound Student
Let’s chat for a minute about what happens when your student heads off to college and inevitably turns 18. Aside from having a party and celebrating the momentous occasion of emerging adulthood, you’re going to need to consider what it means for them to have achieved adult status. Their new status allows them to vote, serve in the military, serve on a jury, sign a contract, and get married without your consent. They can be on the hook for loans or lines of credit (credit cards) that they take out. This is the time to talk to your student about credit cards, loans, financing, repayment, credit scores, etc. - all the fun things that come along with officially becoming an adult!