As parents, we always want to protect our children and want them to feel safe in life. As our children reach the age of 18, we know that they have become adults officially and ready to take on the world. While our children become more independent as they turn 18, it is also essential to recognize that they have certain responsibilities resting upon their shoulders. One of these responsibilities is starting with basic estate planning for your 18-year-old.

You may wonder why your child is still young and why there is a need for estate planning in Kelowna, but creating these plans and bringing them to the notice of your child will ensure your child’s well-being in the future. You will feel more responsible and relaxed that you did everything in your control to provide your child with the best in his life and secure his future. Let us tell you why such estate planning is important for your child.

As your child turns 18, your child has become an adult in the eyes of the law. It means they have the right to make their own decisions, including those related to financial, medical, and personal matters. As the milestone is worth celebrating, it also means that parents might lose some rights for their children. Having basic estate planning in place will help you maintain some level of authority and involvement in their affairs.

For more information about estate planning in Kelowna meet our estate lawyer in Kelowna.