With the arrival of summer, young people across the country are about to reach a key milestone: high school graduation. If you have a child claiming their diploma, now is the time to prepare them for life after leaving the nest. Graduating high school is a significant accomplishment. However, it comes with serious responsibilities that your child probably isn't thinking much about right now. Once your child turns Read More
Child Turning 18? How to keep them financially and medically protected
With high school graduation coming up, many parents will watch (live or virtually) their children walk across a stage and become adults (at least in the eyes of the law) and leave home to pursue their education and career goals. Turning 18, graduating high school, and moving out is a huge accomplishment. Turning 18 and becoming an adult also comes with some serious responsibilities that most likely are not at the Read More
Don’t Let Your Kids Move Out Without This Plan
Watching your kids leave home to attend college or start their career can be an emotional time for you as a parent. On one hand, moving out on their own is a major accomplishment that should make you proud. On the other hand, having your kids leave the nest and face the world can induce anxiety and fear. Regardless of your feelings, once they reach age 18, your kids become legal adults, and many areas of their Read More
National Estate Planning Awareness Week Oct 21-28, 2019: Planning for All Stages of Parenthood
Did you know that October 21-28 is “National Estate Planning Awareness Week?" Estate planning is an often overlooked area of personal financial management. By some estimates, 70% of American parents do not have an estate plan! Most mistakenly hear the word “estate” and assume “estate planning” is just for the Bill Gates, Elon Musks, or Warren Buffets of the world. Estate planning, however, is for Read More
Making Plans with Your New Grad in Mind
Congratulations! Your child has recently graduated high school or college and is ready to start moving out on their own! While this stage of life certainly comes with many mixed emotions, most parents are proud to see their children entering adulthood and “leaving the nest.” You’ll certainly have some extra free time (and quite possibly, extra free money) in the years to come! Time and money aside, you still want to Read More
Essential Legal Planning for your ‘Young Adult’
Parents: Is your “baby” an adult now? As high school graduation approaches, you and your child may be planning for college, meeting next year’s roommate, selecting the fall semester’s classes, and our daughter Sadie’s favorite: shopping! Graduation is a moment to celebrate your child’s achievement (and your own)! It can be a fun and exciting time. It is also the time for you to face the cold, hard fact: Your “baby” Read More
Frequently Asked Estate Planning Questions- National Estate Planning Awareness Week
I hope you've enjoyed reading and learning about estate planning during National Estate Planning Awareness Week. We believe that knowledge is powerful and being prepared is liberating- and we appreciate you, area parents, for partnering with us in our mission to educate families - especially young families - about the importance of planning. To wrap up the week, I'd like to take a moment to summarize everything Read More
Adult Child (18+) Planning – National Estate Planning Awareness Week
Did you know that, if you have children, once your child turns 18, you can no longer see your child's medical records, or get information about your kids? In the eyes of the law, once your child turns 18, they are considered adults and on their own. At The Parents Estate Planning Law Firm, PC, we have 3 different legal documents for kids to sign, allowing their parents to access their information the same way that Read More
As Your Kids Become “Adults,” Make Sure They Sign These Documents
With high school graduation coming up, many parents have and will soon watch their children become adults (at least in the eyes of the law) and leave home to pursue their education and career goals. Turning 18, graduating high school, and moving out is a huge accomplishment. And it also comes with some serious responsibilities that probably aren’t at the forefront of their (or your) mind right now. Once your Read More
Pay for School with an Education Trust: 18 Tips in 18 Days for ’18
Today’s parents are all too familiar with the budget-busting cost of funding a child’s college education. It can be challenging enough to put aside sufficient savings for a single child’s education, but for multiple kids, the price tag can make donating a kidney for extra cash seem downright reasonable! In fact, a survey by The College Board found that the “moderate” cost for all expenses (tuition, fees, books, room Read More
