Adult Paperwork Nobody Teaches

Most millennials with kids have neither of these, and a lot of people assume they're only necessary once you have significant assets. That's backwards — the more people depending on you (kids, a partner, a mortgage), the more a will and power of attorney matter, regardless of your net worth.

• A Will says who gets what, and — critically, if you have kids — who becomes their guardian if something happens to both parents. Without one, a provincial formula decides for you, and it May not match what you'd have chosen
• A Power of attorney names someone to make financial (and separately, medical) decisions on your behalf if you're incapacitated but still alive. Without one, your family May need to go to court to get that authority, at the worst possible time

Neither requires significant wealth to be worth having. Both require a lawyer or a reputable online service to set up properly — this course isn't the place to draft one, but it's the place to stop putting it off.