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[quote=Anonymous][quote=Anonymous]With that amount of money, I would just have the parents open a separate account for her $150k and list her as pay on death beneficiary. It doesn't go through the estate and can be paid directly upon showing a death certificate. Just make sure she puts the money into an account she opens in her name only, and it won't be considered a marital asset. The parents will control it before death, but of course, she'll be free to spend it how she wants at that point. If your concerned with what she'll do with it after their death, then you'll probably need to do a trust - but honestly at that point, it really should be up to her.

My husband inhereited a couple of bank accounts from his Aunt that way. She new she was dying of cancer and went into the bank to have them changed to pay on death. It was pretty simple. [/quote]

Op here. Seems all suggestions somewhat complicated. I am really not looking tone watching and managing my sister's spending. But at the same time I know parents want equal and best for my sister. And she knows she can spend it not wisely after which she may internally be upset that money parents earned hard gone for nothing ( parents immigrated to US in their late 40s and earned every penny here while supporting me through masters and her through bachelor's) . Just not sure what to suggest to the parents as far as how to help her make right decisions with the money. [/quote]

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