Blog · Financial Planning

The Young Lawyer Moving Checklist

L.J. Jones, CPA & CFP® · May 16, 2022

The Young Lawyer Moving Checklist

Young lawyers can expect to move multiple times over their lives, whether from an upgrade in lifestyle, a lateral transfer, or the purchase of a home. This checklist lists the important costs and insurance considerations to keep track of during a move.

According to the Census Bureau, after age 18 the average person moves nine times. Lawyers move for many reasons: switching firms, upgrading their lifestyle, or transitioning from renting to owning a home.

Set Up Utilities Beforehand

Call providers at least a week before move-in for electricity, gas, water, sewage, trash, and internet.

Adjust Insurance Coverage

Update renters/homeowners, auto, disability, and health insurance for your new address. Get quotes from multiple providers before renewing your current coverage.

Change Your Mailing Address

Update your driver's license, credit cards, bank and investment accounts, insurance, doctors, voter registration, and employer HR records. Also set up USPS mail forwarding as a catch-all.

Calculate the Costs of Moving

Consider the value of your time, whether to DIY or hire movers, upfront housing costs (deposits, down payments, escrow fees), and moving supplies — budget for roughly double what you expect to spend on boxes and supplies.

Bonus: Make Money to Move

Selling unwanted items on Facebook Marketplace or Craigslist before a move can help offset moving costs.

Final Takeaways

Most lawyers will move multiple times over their lives. Planning ahead for insurance, costs, address changes, and utilities won't guarantee a smooth move, but it certainly helps.

Advisory services offered through Developing Financial LLC, an investment adviser registered in states where registered or exempt from registration. Advisory services are only offered to clients or prospective clients where Developing Financial LLC and its representatives are properly registered or exempt from registration.

The information on this site is not intended as tax, accounting or legal advice, nor is it an offer or solicitation to buy or sell, or as an endorsement of any company, security, fund, or other offering. Information provided should not be solely relied upon for decision making. Please consult your legal, tax, or accounting professional regarding your specific situation. Investments involve risk and have the potential for complete loss. It should not be assumed that any recommendations made will necessarily be profitable.

The information on this site is provided “AS IS” and without warranties either express or implied and the information may not be free from error. Your use of the information provided is at your sole risk.