I’m divorced. 3 kids. If something happens to me Everything but a small amount that goes to my one niece goes to my kids. When I got divorced I had to change how things were set up since I wouldn’t trust my ex wife. The quickest and easiest thing I did was to put by sister as my 100% beneficiary. She knows what to do and to give my kids the money when they’re 18. This isn’t a post about trusting my sister. We’re very close and there is a 0% chance she wouldn’t do what I wanted. But I’d still rather not have to put her in that position anyway. It was the easiest thing for me to do at the time since I had to change beneficiaries to something. But what should I do until they are adults? As a note my oldest is my step daughter. She gets treated the same as my bio kids though. I just know that will make it necessary to be specific and have something in writing since she wouldn’t automatically be an heir. We’re talking about maybe $500k - $1m in a 401k and life insurance combined.
Submitted September 21, 2023 at 11:53PM by _Voidspren_ https://ift.tt/WxGhVZy
