Explore estate planning essentials for college students, including why a revocable living trust matters before heading off to campus.
Once a student turns 18, parents no longer have automatic legal authority to access medical records, make healthcare decisions, or manage finances if something goes wrong — even in an emergency. A revocable living trust, paired with a healthcare directive and durable power of attorney, gives families a legal framework to step in when needed. Many families are surprised to discover that without these documents, a court proceeding may be required just to help an incapacitated adult child. Setting up basic estate planning documents before a student leaves for college is a straightforward way to close that gap.