Do Your Kids Need a Will? What Every Alberta Parent Should Know | Ask Chad Ep. 3

The moment your child turns 18, your perceived and actual authority over their medical decisions and finances ends completely. No exceptions. Most parents don't know this until they're standing in a hospital being told they can't get information about their own child. In this episode I share two real stories — a family whose child was in a serious accident while studying in the US with no Personal Directive in place, and a young person who died in a boating accident with undesignated life insurance, a live-in girlfriend, and no will. In both cases, five minutes of planning would have changed everything. ⏱ TIMESTAMPS 0:00 — You prepare your kids for everything. Did you prepare them for this? 1:45 — Legal disclaimer 2:00 — The 18 wall: what changes the moment a child turns 18 2:45 — Myth 1: "My parents can make decisions for me if something happens" 3:30 — The three documents a young adult actually needs 4:30 — The boating accident: undesignated insurance, an AIP girlfriend, and probate 5:30 — Myth 2: "I don't have enough assets to need a will" 6:10 — Myth 3: "My partner will just get my stuff" 6:50 — What a starter estate plan actually costs 7:30 — You prepare your kids for everything. Add this to the list. 📋 THIS VIDEO IS PART OF A SERIES This is Episode 3 of 8 in Ask Chad: Estate Planning for Albertans. ▶ Watch the full playlist here:    • Ask Chad: Estate Planning for Albertans   Episode 1 — Why Not Just Use a DIY Will? Episode 2 — What Actually Happens If You Die Without a Will in Alberta? Episode 4 — Is a Will All You Need? The Three Documents Everyone Should Have Episode 5 — Is a Will All I Need If I Own a Business? Episode 6 — Blended Families: Why a Standard Will Isn't Enough Episode 7 — Beneficiary Designations: The Part of Your Estate Plan Your Will Can't Control Episode 8 — When Should You Update Your Will? 📌 CATCH UP ON THE SERIES ▶ Episode 1 — Why Not Just Use a DIY Will?:    • 01 Why Not Just Use a DIY Will? | Ask Chad...   ▶ Episode 2 — What Happens If You Die Without a Will?:    • What Happens If You Die Without a Will in ...   📌 BEEN NAMED EXECUTOR? THIS SERIES IS FOR YOU ▶ Probate & Estate Administration in Alberta:    • Probate & Estate Administration in Alberta...   📌 ESTATE PLANNING FROM THE BEGINNING ▶ Estate Planning in Alberta (full series):    • Estate Planning in Alberta | Chad Graham Law   ⚖️ ABOUT CHAD GRAHAM LAW Chad Graham Law is a boutique corporate-commercial and estate planning firm serving Edmonton, Beaumont, and the Leduc/Nisku corridor. We help Albertans — at every stage of life — build estate plans that actually work when they're needed most. 📞 BOOK A CONSULTATION chadgrahamlaw.com | Link in bio --- The information in this video is general in nature and does not constitute legal advice. It does not create a solicitor-client relationship. For advice specific to your situation, please consult a lawyer licensed in your province.