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The future of my daughter

Started by ScaredNewDad, Aug 02, 2007, 09:08:11 PM

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ScaredNewDad

I have a life insurance policy through work and currently my daughter is the beneficiary.  I am currently in a custody battle with the BM and do not believe she is the best person to see that the money will go to my daughter's best interests should something happen to me.  

I am fairly well-educated, but not a lawyer; I can read and understand a contrat or an application.  Does anyone know of a way to execute a will or estate or trust so that I could empower someone more trustworthy with funds should I pass?

Thank you.


mistoffolees

You probably need see an attorney to have a complete will and estate plan. Mine includes setting up a trust with appropriate trustees, a will, and filing for about $2 K. If you want to ensure that the money goes where you want it to, that's the best way.

As an alternative, there are books where you can get the documentation to set up a trust on your own, but I have no idea how well those would withstand a challenge from your ex.