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Reply to "How much money would this family need to be able to raise my daughter if I die?"
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[quote=Anonymous]We are considering changing who we ask to be the guardian of our child if we die, from a very wealthy family to a family with more modest means. The family we would like the ask lives very comfortably in a home that’s just the right size for their family of 4. Their cars really only fit 2 kids. They would probably need a larger house to get one more bedroom and would need 2 new cars. With the addition of my child, they would have 3 young kids (although the oldest two are in school), which is a lot for two working parents to handle, so I would want to leave enough money for them to hire household help. Plus money for my daughter’s expenses. She’s 6 now. College is already paid for. How much would I need to have in life insurance or other money to pass along to the family to make it so that raising her is not a financial burden for them?[/quote]
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