Yes, a trust. We had a will, but when our children were born we set up a revocable trust. Our house and land we own has been transferred to the trust; we still need to transfer all our investments and other accounts. My brother, who would get the kids, is the trustee. Some may argue against this, but I chose this route because I fully trust my brother. He is a lawyer so he understands everything and he is not in need of my money. We also set our 529s up so that my brother would become the owner if something were to happen to both my H and me. Get with a good lawyer and they can walk you through the process.