For my birthday, I think about the financial implications but will also enjoy time with my family and friends. The table below provides a framework of financial planning considerations or requirements as we all age:
18 year-olds are now adults who can enter into contracts, make their own health care decisions and are afforded levels of privacy to which we may not be accustomed. As adults, basic documents take on more meaning. Consider contacting an estate planning attorney to get health care proxy, durable power of attorney, HIPAA release form (release of health information), and FERPA waiver or utilize your college’s online template, if in college.
Congratulations, you can now exercise your right to vote.