I've Graduated High School - Now what? Estate Planning for Young Adults

Happy graduates throwing their graduation caps into the clear blue sky.

You’ve turned 18. Maybe you're packing up for college. Maybe you're working your first job, learning how to “adult,” or still figuring things out. Estate planning probably isn’t on your to-do list—and we get it. It feels like something for people with mortgages, retirement funds, or kids. But here’s the thing: once you turn 18, you’re legally considered an adult—and that shift comes with more independence, but also new responsibilities you might not expect. That’s where a basic estate plan comes in. Not just for the old or wealthy, but for any adult who wants to stay in control of their health, finances, and future.

Three Key Documents Every Young Adult in Maryland Needs 

1. Advance Directive (Healthcare Power of Attorney + Living Will) 

Once you turn 18, your parents can’t automatically make medical decisions for you. Even if you’re still on their insurance or living at home, federal and state privacy laws limit what information can be shared without your consent. 

An Advance Directive allows you to: 

• Choose someone you trust to make healthcare decisions if you can’t speak for yourself 

• Specify your preferences for end-of-life care  

• Gives loved ones clarity and authority during a medical emergency 

Whether it’s a sports injury, a car accident, or something less dramatic but just as serious, this one document can make a huge difference. 

2. Durable Financial Power of Attorney 

This document lets you name someone to handle financial matters if you’re unable to do so—temporarily or long-term. That could mean: 

• Paying rent or bills 

• Managing student loan issues 

• Handling your bank account or insurance claims while you’re abroad or hospitalized 

It’s about making sure someone you trust can step in without delay if you ever need help managing your affairs. 

3. Last Will and Testament 

You might not think you have an “estate,” but if you own a car, a pet, have a bank account, or manage digital assets (social media, crypto, streaming services, etc.), you do. A Will helps ensure: 

• Your belongings go to the people you choose 

• There’s a clear plan in place if something happens 

• Your family avoids unnecessary confusion or court involvement 

Without a Will, Maryland’s intestacy laws take over—and the outcome might not reflect your wishes. 

Estate Planning Isn’t Just About Death—It’s About Control 

Think of these documents as tools that give you control over your own decisions, even when life doesn’t go as planned. They’re not scary or overly complicated—and you don’t have to do it alone. 

At Williams, McClernan & Stack, we help young adults and families in Maryland create practical estate plans tailored to where they are in life. Whether you're a parent preparing your child for college or a young adult stepping into independence, we’re here to help you plan confidently. 

That’s where a basic estate plan comes in. Not just for the old or wealthy, but for any adult who wants to stay in control of their health, finances, and future.