{ "media_type": "text", "post_content": "Trying to figure out whom to leave assets to. I have a young child from a previous marriage. I remarried and current hubby and I are expecting his first baby. I don’t trust my older child’s father to use money for her responsibly. I would be leaving retirement and brokerage accounts and life insurance. I trust my mom 100%, so I am thinking of leaving the money to my mom for my daughter’s benefit. Should I talk to a professional? What are some considerations? Thanks!", "post_id": "61e83f52066c620035aea1a2", "reply_count": 10, "vote_count": 2, "bowl_id": "5a0c9a1f61b01a001937c406", "bowl_name": "Working Moms", "feed_type": "bowl" }

Trying to figure out whom to leave assets to. I have a young child from a previous marriage. I remarried and current hubby and I are expecting his first baby. I don’t trust my older child’s father to use money for her responsibly. I would be leaving retirement and brokerage accounts and life insurance. I trust my mom 100%, so I am thinking of leaving the money to my mom for my daughter’s benefit. Should I talk to a professional? What are some considerations? Thanks!

like
Posting as :
works at
You are currently posting as works at

Absolutely talk to a professional. You can set up a trust for your child’s benefit and name a trustee/executor to manage it. You can also specify how the money should be used and at what age they can take disbursements and when they get control themselves. There’s a lot a professional advisor can help with.

like

Thank you!

You need a trust and estates attorney. You might want to explore a trust for your daughter with your mom as trustee. You’ll need an attorney to explore options of how you can share your assets with both of your children, potentially with two different trustees.

like

Excellent - thank you all so so much!

Definitely talk to a trust and estate/wealth planning attorney. This type of planning is quite common.

like

Thank you!!

Trust! Revokable trust! Easy peasy

like

Boom! That’s what I concluded too. Thanks so much!!

like

Related Posts

Trying to find the balance b/w a) sacrifice & setting myself up for financial success in the future and b) Fuck it! Follow your dream bc carpe diem baby. If you know the answer, please tell.

like

Saw a lady on the train who I thought was pregnant, stood up to give her my seat, but quickly realized as I stood closer that it was her fat belly. FUCK. Fml

like

Puppy monkey baby

like

My brothers ex gf got married today; feel broken for my kid; anyone feel overprotective of their siblings!?

like

Dog parents: Planning to adopt a puppy 🐶 I have volunteered in a shelter and have basic knowledge about owning a dog- but any recommended books / podcasts to help be prepared?

like

Either my neighbors are trying to make a baby (very aggressively) or somebody is getting assaulted...trying to sleep...I'm okay with the sex...but what if it's not...should I call the cops? #Questions

like

Husband and I looking to adopt a puppy (he doesn’t travel). Seriously considering outsourcing the potty training step by sending the dog to training camp. Too much? Any experience doing so?

like

While hosting a mundane status call, I was watching this golden retriever puppy fetching a puck on ice video, and 🐶 was so funny I giggled like a little kid.. forgot I was not on mute !

like

Shady or not? Met someone on dating app. Made no mention of having a kid until first date. Nothing in profile about being a parent etc. said it's because they wouldn't get any dates if they had.

like

Quite surprised how often I get called a girl in a professional setting. I turned 18 quite a while ago! Everyone must think I am a child genius wahoo! That's it right?

like

Hey mommas - My baby is 14 weeks old and I haven't gotten my period back yet. I'm worried I'm pregnant again. When did you get your period back? For context, I'm breastfeeding but not exclusively (I am pumping and nursing as much as I can though). I've been on the pill since 6 weeks and my husband used condoms for the first few weeks once we started again. Surprisingly, I can't find anything online that's helpful. Any sense of a timeframe would be tremendously anxiety-reducing!

like

Whats more difficult having a baby or having a puppy? Asking for a friend hehe

likefunny

Just another puppy pic. Say hi to my baby 😍

Post Photo
like

Found out this week an old friend is now having a kid. This person is a good human but for a variety of reasons, they aren’t so great when it comes to anything romantic with the opposite sex (myself, mutual friends, etc). They managed to get pregnant with someone lives across the country from their old neighborhood. Instead of being happy for them, I hate that the only thing I can think is this will always come to mind taking safe sex precautions knowing that it was definitely unplanned.

like

Hi ladies. A birth control question. I take oral BC on time every day but I am struggling to feel comfortable with sex without a condom. I know BC is something like 99% effective but I am not ready for the repercussions of failure - whether raising a child or choosing not to, both are decisions I do not want to make. My partner is frustrated by this but defers to me and is willing to do whatever I'm comfortable with. I want to become comfortable without condoms. Any ideas?

like

Getting a Labrador puppy in few weeks. Any recommendations on must haves at home? First time dog owner/father here!

like

Is this a good time to adopt a puppy? Productivity is low with the kids at home,but can’t shake the feeling that it could be a good bonding experience for the family and crate train the pup. Thoughts?

like

Having a kid. Is it still ok to bring them up with gender stereotypes? I mean, clearly I want them to do any job they aspire to, but will I be a bad parent if I dress the girl up in pink and boy blue?

like

Woke up to a kid throwing tantrums at 2am. Now getting up on a flight to deal with clients throwing tantrums all afternoon. FML

likefunny

I really want to adopt a puppy but don’t know how I can take care of it if I travel too much for work. Husband does not travel but usually doesn’t get home until 8PM M-F. Thoughts? How do you do it?

like

Additional Posts

Hdjdjjdjd f hdjdjdjdhjd djdjdjjd d djdjdjjd bend djdjdjjdjjd djdjdjjdjjd djdjdjjdjjd djdjdjdjjdhdhdhdbbd djdjjdjdjdjdhje djdjjdjdjdjdhje djdjjdjdjdjdhje djdjdjjd djdjdjdjjdhdhdhdbbd djdjhdjdjdjdhdhhdj

like

Correct font and company!

like

Post for likes

like

Testing for sound!

But once again not posting

like

Comment on this to test rereply notif

Changed my company but it didn't update!

Top top post!

like

Linda fjfhfjf djjfjd djjfjd djjfjd djdjdjjd djdjjdjdjdj djdjd. Fend id didn't dish hen djdjdjjd did dishes djdjd djdjdjjd dj djdjd s djdjjdjdjjdjdjdndh do djdjjdjdjjdjdjdndh djdjdjjd djdjjdjdjdj djjjd

like

Cl bl lb. l fot

Is a law degree is useful for your consulting work ? Considering the cost-benefits of it.

likehelpful

What are T2 consulting firm relocation packages for engagement managers looking like these days (think moving to different region, such as Midwest to West)? ~$15K / ~20K / Higher? (Yes, I’m actually being asked to relocate to their office city.)

like

For those of you that have an MBA, was it worth the effort and money? I'm considering going to Georgetown full-time and would really appreciate any insight from folks on the other side.

like

What's is the typical starting salary for an entry-level/campus hire consultant for Big 3 Consulting firms? And for tier 2 consulting firms?

like

Frustrating moment when your excel crashes because there's just too much going on.

like

Amex devalued spg point!? Fuck

like

MBA worth it? Currently a C, would be promoted to SC before leaving for school, come back as an SC

like

Team ETS #expensethatshit #perdiem

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal