Is your child spreading their wings and heading off to college? As exciting as this milestone is, it also brings new financial considerations for parents, such as:
• Reviewing your estate planning documents and beneficiary designations
• Evaluating changes to your cash flow and budget as your child becomes independent
• Considering the tax implications of your child’s new status
… and much more!
Check out our checklist and take the first step towards a smooth transition for both you and your child!
What Issues Do I Need To Consider As My Child Becomes Independent?
Want to hear more? Watch Jennifer’s interview on WTVR – Financial Considerations As Your Child Becomes More Independent
This article was originally written and published by Jennifer Luzzatto, CFA, CFP®, AIF®, CeFT® on the Summit Blog.