Life Insurance beneficiary?

Chedva
Mon, 20 Jul 2020 19:02:20 +0000

First thing - get yourself a will! It doesn’t have to be complicated, but you need to name the guardians for your children, assuming the other parent is not in the picture. And even if they are, they may predecease you. In that will, you can name the guardian as trustee for your children’s funds.

Also, check with your HR department. You can often name the beneficiary “X as trustee for Y”.