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I have an adult child leaving the nest...Do they need an estate plan?
In this episode, Vidhya discusses the essential estate planning needs for young adults as they step into adulthood. Whether they’re heading off to college or staying close to home, young adults should consider key documents like an advance healthcare directive and a durable power of attorney. Vidhya emphasizes that while young adults may not think they need estate planning, preparing for unexpected events—like incapacity—ensures they have someone to make medical or financial decisions on their behalf.
She also touches on the potential need for a trust, especially if a young adult is inheriting a significant amount of money, and introduces the idea of premarital or postmarital agreements for young adults entering into relationships. By addressing these topics early, families can have open, judgment-free conversations about estate planning that benefit everyone.
In this episode, you will learn:
Chapters:
00:00 - Intro
00:37 - Preparing for your child to leave the nest with an estate plan
01:00 - Advance healthcare directive
01:23 - Durable power of attorney
01:51 - Does your young adult child need a trust?
02:08 - Premarital and postmarital agreements
03:02 - Next steps
The content of this podcast is provided for informational purposes only and is not intended to constitute legal advice. You should not rely upon any information contained on this podcast for legal advice. Listening to this podcast is not intended to and shall not create an attorney-client relationship between you and Vidhya Babu or you and the Law Office of Vidhya Babu, APC. Messages or other forms of communication that you transmit to this podcast will not create an attorney-client relationship, and thus information contained in such communications may not be protected as privileged. Neither Vidhya Babu nor the Law Office of Vidhya Babu, APC makes any representation, warranty, or guarantee about the accuracy of the information contained in this podcast or in links to other podcasts or websites. This podcast is provided “"as is,” and does not represent any outcome or result from viewing this channel. Your use of this podcast is at your own risk. You enjoy this podcast and its contents only for personal, non-commercial purposes. Neither Vidhya Babu nor the Law Office of Vidhya Babu, APC, nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind.
© 2025 Law Office of Vidhya Babu. All rights reserved.
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By Vidhya BabuIn this episode, Vidhya discusses the essential estate planning needs for young adults as they step into adulthood. Whether they’re heading off to college or staying close to home, young adults should consider key documents like an advance healthcare directive and a durable power of attorney. Vidhya emphasizes that while young adults may not think they need estate planning, preparing for unexpected events—like incapacity—ensures they have someone to make medical or financial decisions on their behalf.
She also touches on the potential need for a trust, especially if a young adult is inheriting a significant amount of money, and introduces the idea of premarital or postmarital agreements for young adults entering into relationships. By addressing these topics early, families can have open, judgment-free conversations about estate planning that benefit everyone.
In this episode, you will learn:
Chapters:
00:00 - Intro
00:37 - Preparing for your child to leave the nest with an estate plan
01:00 - Advance healthcare directive
01:23 - Durable power of attorney
01:51 - Does your young adult child need a trust?
02:08 - Premarital and postmarital agreements
03:02 - Next steps
The content of this podcast is provided for informational purposes only and is not intended to constitute legal advice. You should not rely upon any information contained on this podcast for legal advice. Listening to this podcast is not intended to and shall not create an attorney-client relationship between you and Vidhya Babu or you and the Law Office of Vidhya Babu, APC. Messages or other forms of communication that you transmit to this podcast will not create an attorney-client relationship, and thus information contained in such communications may not be protected as privileged. Neither Vidhya Babu nor the Law Office of Vidhya Babu, APC makes any representation, warranty, or guarantee about the accuracy of the information contained in this podcast or in links to other podcasts or websites. This podcast is provided “"as is,” and does not represent any outcome or result from viewing this channel. Your use of this podcast is at your own risk. You enjoy this podcast and its contents only for personal, non-commercial purposes. Neither Vidhya Babu nor the Law Office of Vidhya Babu, APC, nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind.
© 2025 Law Office of Vidhya Babu. All rights reserved.