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Money and Finances
Reply to "Worried about my husband and children's financial security if I die"
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[quote=Anonymous][quote=Anonymous]Do a trust, make somebody else the trustee, and buy lots of life insurance with the trust as owner and beneficiary. Maybe stipulate that any home purchased with trust funds cannot hold a mortgage. That way, he cant get behind on that. Stipulate certain funds go to a college fund. Stipulate certain funds for your children when they reach a certain age.[/quote] This. Is there a member of YOUR family that could manage this competently? You can approach this with DH's support by simply explaining that the both of you could go under the same bus and the kids need to be protected. No big deal, nothing "awful" about it. Responsible parenting. Off you go.[/quote]
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