By Daisy Maxey

Here’s something most teens overlook as they get ready to head off for college: a last will and testament.

That’s the last thing, of course, any parent wants to think about. But some experts say a will should be drawn up as soon as a child turns 18, the age at which someone typically can enter into a legal contract.

Peter Bielagus, a former financial adviser who gives speeches to young people about managing their money, often tells his listeners to create a will simply because it starts them off on the right foot. Drafting a will gets young people thinking about what happens in the future—after they get married and have children—as well as about what they own and how much it’s worth, Mr. Bielagus says.

Continue reading Planning For The Unthinkable