Turning 18: ten things to do on your adulthood checklist (with parent’s help)

​Turning 18: ten items on your legal and financial checklist

1. ​Healthcare (Medical) Power of Attorney

2. ​Revocable Living Trust + Beneficiary Assignment

3. ​Financial Power of Attorney

4. ​Last Will & Testament

5. ​Single member LLC with Tax ID

6. ​Checking Account (personal and business LLC)

7. ​Credit Card (personal and business)

8. ​Roth IRA (requires earned income)

9. ​Health Savings Account (HSA)

10. ​Establish Earned Income (W-2 or 1099) to pass the ½ Support Test (IRS Form 8615)