So, one of my parents very recently passed away. That parent left my sibling, their spouse, & myself each, evenly, a third of all assets. Which includes a retirement plan, as well as a third of a life insurance policy.
After paying for a headstone & the funeral costs, I will have roughly 25k just in life insurance. This is where I'm beside myself, besides just losing a parent. I am 24 & I have 2 children. I want to take as much money as possible & put it into an investment or an account where it can grow as much as possible for my children. I don't know who to talk to about any of that or what kind of account/investment to put it in.
I also want my parent's spouse to be able to put money in for schooling/first house into the account, since they did say they would like to do that for each of my children. I do NOT want my own spouse to have any say so or anything to do with the money just in case we were so ever divorce. I'm very much at a loss here. I'm not sure if I should crosspost to r/legaladvice or not. I'm very tentative & unsure of what steps to take next so my children are taken care of & will not have to worry about anything.
Submitted May 09, 2019 at 09:57PM by cotton_ginge http://bit.ly/2Jb2GtR
