Posted by Edd in KY on December 21, 2012 at 05:36:07 from (98.23.52.207):
In Reply to: Another estate question posted by rockyridgefarm on December 20, 2012 at 17:15:54:
We had the same situation 25 years ago when our children were little.
We got a good estate attny to draw up the wills and trusts to make it happen...in the event of our deaths.
I also suggest you refer in the will to a letter of details in your safe deposit box, there you can lay out more details of your wishes...ie: education expectations, cars, allowances, part time jobs....things that you see as important to raising your chidren...as a guideline for the guardians.
Be sure to compensate the guardians,....nicer house, vacations with the kids etc..some reward for all the hard work.
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