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[quote=Anonymous]I just learned that my job offers will preparation services through our benefits so I need to start there. I'm a single parent and don't make a lot of money

I don't have much in the way of assets or savings, but my life insurance has my daughter as the beneficiary and she's very young. It's 620K life, and if applicable 1.02M AD&D plus more if related to business travel). This doesn't include a relatively small amount in retirement and DD's fairly new 529.

I already know that I would want my mother in another state to raise DD (dad is in the picture but not the be st choice. No formal custody arrangement exists and he's not on her birth certificate as we lived in different states when DD was born). The major problem is while my mother would do her best to raise and love DD, she is HORRIBLE with money. I wouldn't and couldn't trust her to manage DD's money, but I think that putting it in some sort of trust would cost DD 1/3 of the insurance payout (I'm still learning about this stuff). I think that I have decided to have a dear friend manage DD's finances and essentially send my mother a monthly allowance in which to raise DD, but I'm trying to figure out the best way to set that up along with contingencies if my mother dies before DD is 18, etc.
I would also like to stipulate certain classes/activities for DD like she has now and that my mother may not make a priority, but I'm not sure if that's something that I can enforce.[/quote]

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