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Reply to "Giving custody of younger sibs to oldest sib if we die"
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[quote=Anonymous][quote=Anonymous]I would make sure to have a financial trustee in place so that your older son doesn't have to worry about the finances, up your life insurance so they'd be LOADED if you both die (to minimize the style cramping), and change your will to leave your younger children to your older one. Reasons: 1) He initiated the conversation which means he's serious about it, 2) the bond is all that matters. He'll do a lot of stuff wrong I'm sure, but he'll love them and they'll love him. I don't need anything else. Go for it. When I turned 18 I insisted that my parents change my will to leave me custody of my young sister. Thankfully I never needed to take on that custody but I would have been more than happy to.[/quote] I agree with this. One hundred percent. If you have someone else be the trustee, and you trust your 22 yo to make the right decisions - i.e. he's a mature 22 yo - or more likely 26 or 28 yo, then go for it.[/quote]
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