As graduation season approaches, many families are celebrating their children's transition into adulthood. While this milestone is filled with excitement and pride, it's also an opportune moment to consider essential estate planning steps for your newly minted adult.

Why Estate Planning Matters for Young Adults

Turning 18 is more than just a birthday; it's a legal transition into adulthood. This change means that parents no longer have automatic authority to make medical or financial decisions on behalf of their children. Without proper legal documents, you could be left powerless in critical situations.

Essential Documents for Your Graduate

1. Durable Power of Attorney: This document allows your child to designate someone—often a parent—to manage financial affairs if they're unable to do so themselves.
2. Advance Healthcare Directive: Also known as a medical power of attorney, this enables your child to appoint someone to make healthcare decisions on their behalf if they become incapacitated.
3. HIPAA Authorization: This permits healthcare providers to share medical information with designated individuals, ensuring you can stay informed about your child's health.
4. Basic Will: Even if your child doesn't have significant assets, a will can outline their wishes regarding personal belongings and digital assets.

Starting the Conversation

Discussing estate planning with your graduate might seem daunting, but it's a crucial step in their journey to independence. Frame it as a way to ensure their wishes are respected and to provide peace of mind for the entire family.

We're Here to Help

At The Edwards Firm we specialize in guiding families through the estate planning process. Our team is ready to assist you and your graduate in setting up the necessary documents to safeguard their future.

Contact Us Today

Don't wait until an emergency arises. Schedule a consultation with us to ensure your graduate is prepared for the next chapter of their life. Call us today at 706.639.9420 or visit our website for more information.

Protecting your family's future starts now.