Congratulations on reaching adulthood! Turning 18 comes with new freedoms but also significant responsibilities. Now that you’re legally an adult, your parents no longer have automatic authority over your decisions. Turning 18? Here’s what you need to know about legal planning to take the essential steps to protect yourself and plan for your future.
1. Decide Who Can Access Your Medical Information
As an adult, your medical information is protected by the Health Insurance Portability and Accountability Act (HIPAA). Healthcare providers can only share your private medical details with individuals you authorize. Here’s what you need to know about legal planning to ensure this authorization is clear.
To grant access:
- Without this, even in emergencies, your loved ones may not receive critical updates about your condition. Here’s what you need to know about legal planning and making these provisions.
- Complete a HIPAA authorization form naming your parents or others you trust as authorized recipients.
2. Appoint Someone to Make Medical Decisions on Your Behalf
Your parents no longer have the default authority to make medical decisions for you. If you become unable to communicate your wishes, you’ll need a medical power of attorney to appoint someone to act on your behalf. When you turn 18, here’s what you need to know about legal planning can also include appointing this person in advance.
- You can name your parents or another trusted person as your healthcare agent.
- This document allows you to provide guidelines for your healthcare preferences, such as treatment options or end-of-life care.
3. Name Someone to Manage Your Financial Affairs
As an adult, you’re responsible for managing your finances. If you want someone to assist you or act on your behalf when you can’t, you’ll need a durable financial power of attorney. Here’s what you need to know about legal planning to keep your financial matters in order.
- This document authorizes a trusted individual to handle tasks like paying bills, managing accounts, or signing legal documents.
- You’re free to choose anyone you trust, not just your parents.
4. Plan for the Unexpected: Create a Will or Trust
Estate planning isn’t just for older adults. Even at 18, you likely have assets, such as:
- Digital assets: Social media accounts, email, or digital subscriptions.
- Tangible personal property: Items with sentimental or financial value, like jewelry or collectibles.
A will or trust allows you to decide who will inherit these assets and ensures they’re handled as you wish. Establishing these habits early sets the foundation for responsible planning as you accumulate more assets over time. Here’s what you need to know about legal planning to start creating these critical documents now.
Start Planning Like an Adult Today
Turning 18 is the perfect time to think ahead and make decisions that protect your future. Meeting with an experienced estate planning attorney is the first step to ensuring your medical, financial, and personal affairs are secure. Contact us today to schedule a complimentary initial planning meeting and take control of your future.
