What happens to these individuals at our death?
How do we make sure that our life insurance proceeds are used for the sole purpose of caring for these people?
Posted: 04 Mar 2008 01:06 Post Subject:
I don't know maze how would one make sure of that? seriously, you could leave them as beneficiary but without a trust laying out what the proceeds are to go 'for' how would one assure themselves of this third persons care?
Posted: 04 Mar 2008 09:38 Post Subject:
Can you write up a legal document stating your wishes? Is that what a trust is. What if you had a life insurance policy and you wanted to alot so much a month to a person or relative to care for your children and then leave the rest in an account for when they turned 18? Is this possible?