Growing Up, Moving On: Why Your Estate Plan Needs to Evolve as Your Kids Hit Their Teens
Growing Up, Moving On: Why Your Estate Plan Needs to Evolve as Your Kids Hit Their Teens By Melinda Gustafson Gervasi July 31, 2026 The days are long, but the years are short. If you are a parent of a teen or young adult you likely just nodded in agreement. In what feels like a blink of the eye, my youngest just celebrated her Sweet 16 earlier this week. Before she was born, even before her older brother was born, my estate plan was drafted to plan for the children we hoped for down the road. Yes, I am that "type A" of a person, but as an estate planning attorney I knew it would be less emotional to write before I had a small bundle in my arms. When you first draft an estate plan with young children, the focus is almost entirely on protection and survival. You are consumed by the heavy "what-ifs": Who will raise them if the worst happens? How will they be financially supported until they reach adulthood? At that stage, guardian designations and straightforw...