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General Parenting Discussion
Reply to "Kids as beneficiaries for life insurance"
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[quote=Anonymous]Other spouse is the beneficiary. If there is no spouse, put yourself into a living trust and make the trust the beneficiary. You then use the trust terms to set when and how your children and their custodians can access and use the money. I’m a single parent. My kid doesn’t get outright access to money until they are 30. Before that, I have a financial trustee (separate from the guardian) to oversee money.[/quote]
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