Financial & formalities

The 18th birthday marks special milestones in a young person's life, particularly in legal and financial terms. After all, when your child comes of age, they have full legal capacity and can make all decisions themselves. They can now conclude all legal transactions such as a purchase contract, a cell phone contract or a rental agreement on their own responsibility. This new freedom is usually long-awaited, exciting and adventurous at the same time - but it also brings with it more responsibility and a range of new duties.

Financial, insurance and legal issues need to be clarified. What insurance do I need now? Is child benefit still available? What is the best way to save for your own four walls or your first car? There is a lot to consider, especially if your child is still living at home and has not yet completed their first education or studies. But don't worry: if you are well informed, you can support and accompany your offspring as they become self-employed. After all, even after their 18th birthday, parents remain the most important source of advice when it comes to big questions about money and the future.

Here you will find valuable information on financial benefits that families can claim after their child's 18th birthday. Find out, for example, under what conditions you can receive child benefit until your child's 25th birthday. We also provide you with an overview of the various insurance policies that are recommended for your adult child to ensure they are adequately protected in this new phase of their life.

Every family can get into financial difficulties - so it is all the more important to know what help and support options are available. Debt advice in NRW, financial assistance services and contact points offer support in overcoming money worries and finding solutions. Young adults in particular are faced with new financial challenges, as cost traps and debt traps are often not immediately apparent - be it through online subscriptions, installment purchases, online betting or contracts. If you learn to handle money responsibly at an early age, you can avoid debt and start the future with financial security. On the Familienportal.NRW you will find practical tips, contact points and advice services to help you solve financial problems and remain worry-free in the long term.