Many of our clients have college age/young adult children over 18. Even though that might not be the milestone they are most excited about (like the one that comes 3 years later!), it is a major milestone in the eyes of the law. At that point our government considers them adults. They can now:
+Vote +Get married +Join the Military (men have to register for selective service) +Manage their own money +Serve on a jury +Sign a contract On the other hand, parents are no longer able to: -Access their medical information -Make health care decisions -Access their financial accounts (unless you have joint ownership) -Access their school records (even though you may be paying)
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![]() It is easy to get caught up in life and lose sight of the details. We live busy lives. Whether you are raising a family or approaching retirement, one can unintentionally veer off-track. Often it is our financial health that can suffer. When the unexpected happens (which it often does) the impact can feel devastating. Having a strong balance sheet can soften the blow. Our personal balance sheet is a barometer of our financial strength and it also provides very important clues about risk and financial vulnerability. |
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