For parents, children’s health and well being are always top-of-mind. This is particularly true in the unlikely, but possible, case of a parent’s passing before the children reach adulthood. Nowadays, adulthood doesn’t simply begin when children hit 18. There is a transitionary period near the college years that can add a great deal to a child’s financial burdens.
While it can be difficult to think about, it’s essential for parents to consider how much to leave their children during these years. This difficult decision is not only manageable but can also lay the groundwork for a bright and protected future for the children involved.