This checklist covers key issues a parent must consider as their children become independent, such as:
*Maintaining access to their child’s important health, financial, and academic information.
*Understanding how their financial goals may change (or need to be revisited) once their child leaves the house and becomes independent.
*Determining the extent to which their child will remain commingled with their finances as they become independent (e.g., taxes, health insurance, auto insurance, gifting, etc.).
*Evaluating the level of risk/liability their child may pose to their own finances.