Life After Leaving the Nest: Key Estate Planning Considerations for High School Grads

With summer swiftly approaching, many families will be celebrating high school graduations and making plans to send those children off to college. But many are not prepared for the reality that parents lose their ability to access health and financial information related to their children after those children become young adults. Parents, therefore, may find themselves unable to assist their child with critical decisions as a child moves away from the home, often to a college campus.On this episode Partners Erin Nicholls and Michael Clear highlight the key documents that are essential to ensuring financial and medical decision-making powers are in place should the unexpected happen. They will give insight as to why having a Power of Attorney, Health Care Documents and a Will in place is essential for many young adults.We know this time of year can be exciting and stressful for many families and adding one more item to the to-do list is not preferred, but using this major life event to (i) educate a young adult about estate planning and (ii) ensure continuity in care is vitally important. Tune into this week’s episode to learn how Wiggin and Dana’s Private Client Services team can help clients and their young adult children plan for the future.