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« on: Apr 20, 2005, 10:30:00 AM »
Soc,
I'm starting to think about my Will. I have joint legal and sole physical custody in AL. I plan to leave all to my DH with the understanding (or written directions) he will hold assets in trust for DD until she graduates from college (she's 10). Or if DH dies, a financial custodian would hold the assets until she graduates from college. Relatively speaking, it's not that much (rental property, stock, and life insurance).
My goal is to incentivize DD to complete college because her dad does not and would not support college goals. I, alone, already bought the pre-paid college plan to make it easy. I know it's her call, but.... there's a carrot waiting at the end.
1. Is my estate legally responsible for child support to DD's Dad until she reaches the age of majority or can I just leave it to the judgement of DH or the financial custodian?
Thanks
LizaLou