Why Graduation Is the Right Time to Think About Estate Planning
Graduation season marks a major life transition. Whether your child is finishing high school and heading to college or entering the workforce, this milestone comes with new legal responsibilities and potential risks. That’s why estate planning for young adults is more important than many families realize.
At Nuñez Estate Law & Title, we often see families wait until much later in life to start estate planning. But in reality, any adult over the age of 18 should have certain basic legal documents in place, especially once they’re living independently or making their own medical and financial decisions.
Essential Estate Planning Documents for Young Adults
Durable Power of Attorney
A Durable Power of Attorney allows your child to name someone they trust (usually a parent or guardian) to manage their finances and legal affairs if they are ever unable to do so themselves. This could include paying bills, managing bank accounts, or signing legal documents.
Health Care Surrogate Designation
Without this document, you may not be able to make medical decisions for your child if they’re hospitalized and unable to speak for themselves. A Health Care Surrogate Designation allows them to name someone to make medical decisions on their behalf.
HIPAA Authorization
Even though you may still be supporting your child financially, you won’t automatically have access to their medical records once they turn 18. A HIPAA authorization gives you permission to speak with doctors and access important health information in emergencies.
Living Will
A Living Will outlines their wishes regarding end-of-life medical treatment. While this may seem premature for a healthy young adult, it can provide peace of mind for both the individual and their family in a worst-case scenario.
Estate Planning Builds Responsibility and Security
Helping a young adult complete these documents is more than just a legal precaution, it’s a valuable lesson in personal responsibility, financial awareness, and planning for the future. It shows them that estate planning isn’t just about death or wealth; it’s about protecting yourself and those you love at any age.
How Nuñez Estate Law & Title Can Help
Our firm makes the process simple and educational. We guide young adults and their families through every step and explain the “why” behind each document. Whether your child is graduating high school or college, we can help them get a strong legal foundation for the next chapter of life.
Ready to protect your young adult’s future?
Schedule a consultation today with our estate planning team in Miami.
