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Reply to "How do you choose backup parents in case your and your DH kick the bucket?"
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[quote=Anonymous]Our trust is setup with DH's youngest sister as DD's legal guardian. She is his only sibling in the US, DD knows them well, she has raised two wonderful kids, and she is extremely maternal. I know that DD will be well taken care of by them, and their goals and values, although not the same as ours, are significantly in alignment. Backup plan is my brother. He only has one child, but he is close in age to DD, and they're best friends. However, his work/travel schedule means that he is not around much (his ex takes the son on weekdays), and while DD loves his wife, and she loves DD, her significant health issues mean that she isn't really going to be the best person to deal with a child on a day in/day out basis. The trustee is a neutral third party, who is well respected, and can be trusted to be fair. DD's 529 plan is well funded, we are both well insured, and our assets should be more than sufficient to provide significant financial help to whoever ends up with her. We are very fortunate to be in the position we find ourselves in.[/quote]
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