But as our children enter adulthood, estate planning needs to evolve to address the following: 1. **Financial independence:** This means ensuring your child is financially independent and capable of managing their own finances. 2. **Legal rights and responsibilities:** Understanding the legal rights and responsibilities of an adult, including the ability to enter into contracts, sue and be sued, and own property. 3.

This is a critical issue that needs to be addressed in advance. The summary provided focuses on the importance of planning for medical decisions in advance, particularly for young adults who may not be able to make their own decisions due to age or other factors. It highlights the need to designate a healthcare proxy, outlining the process and importance of this decision. Here’s a detailed and comprehensive text based on the summary:

**The Importance of Advance Healthcare Planning**

While the topic of death may be uncomfortable, it’s crucial to address the practicalities of end-of-life care.