Anonymous
10/02/2025 10:28
Subject: Estate planning for college years
You may want to ask an attorney. If you can create an irrevocable insurance trust, perhaps that works here.
The proceeds from your policy would be paid into the trust and not to your children directly. They would beneficiaries however of the trust. The trustee — you would need to appoint one — would disburse the funds to your children but not before each graduates.
The proceeds from your policy would be paid into the trust and not to your children directly. They would beneficiaries however of the trust. The trustee — you would need to appoint one — would disburse the funds to your children but not before each graduates.
Anonymous
10/02/2025 10:14
Subject: Estate planning for college years
I have 1 mil term life policy and my kids are entering college in 2026 and 2029. If I die and they are the beneficiaries, suddenly they are “rich” and will be full pay. Is there a way to avoid this?
I currently make 140k, and single, and we are generally not full pay anywhere currently.
I currently make 140k, and single, and we are generally not full pay anywhere currently.