A
april15
Guest
I live in PA. I am divorced from my children's father and am
living w/ my fiance (we have no current plans to legally
marry). We have provided for each other thru wills and
powers of attorney. My children (I have 3, two are still
minors, 1 over 18) are beneficiaries on my life ins. &
retirement accts. I have left them each 25% of my estate
in my will, w/ the other 25% to my fiance. The funds for the
kids are to be placed in a trust, w/ their godmother as
trustee. I do not want their father handling their money.
My question: would my life ins & IRA funds be included
in the trust set up in my will, and if not - how do I get that
money into the trust? I don't want it going directly to the
kids and having their father get his hands on it. Also
posting this on Wills forum.
thanks!
living w/ my fiance (we have no current plans to legally
marry). We have provided for each other thru wills and
powers of attorney. My children (I have 3, two are still
minors, 1 over 18) are beneficiaries on my life ins. &
retirement accts. I have left them each 25% of my estate
in my will, w/ the other 25% to my fiance. The funds for the
kids are to be placed in a trust, w/ their godmother as
trustee. I do not want their father handling their money.
My question: would my life ins & IRA funds be included
in the trust set up in my will, and if not - how do I get that
money into the trust? I don't want it going directly to the
kids and having their father get his hands on it. Also
posting this on Wills forum.
thanks!