The senior year of high school is an exciting time that usually includes preparation for adult life after graduation. Although estate planning probably does not appear on most high school senior's to-do lists since they are young and healthy, executing a Health Care Directive and a financial Power of Attorney should be included on the to-do list after the student's eighteenth birthday.
What happens to your electronic accounts and digital assets when you die? Or, if you suddenly become incapacitated, who could take care of your online accounts?
For too many Americans, estate planning is put off for years, even decades, longer than it should be. As soon as you have assets or dependents, you need to be thinking about providing for them in the event of your death. It may feel morbid, but in reality it's one of the best ways to protect the people you love.