Helping your child prepare for the next phase of their life can be exciting, nerve-wracking, and a little bittersweet. Of course, there are also practical considerations. Ensure you play your role as a responsible parent by supporting them as they develop new financial habits, transition out of living at home, and plan for their future.

For 18 years, you’ve been an advocate for your child’s medical, financial, academic, and legal concerns. It can come as a surprise, then, when your child turns 18, and suddenly you are no longer their agent in the eyes of the law.