Who / what do you list as your contingent beneficiary when your spouse is your primary, you don’t have children, and you don’t have anyone in your family you trust with your finances if something were to happen?

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You can designate a charity if you want. Otherwise it will be divided amongst relatives (and lawyers with their fees).

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If this a question of who gets your money or who manages it? The answers will be different for many people.

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That would only come into play if both you and your spouse pass. Who do you want to have your money if you are both gone? At that point they are really not managing your money. And you won’t really care very much.

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Your dog?

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I don’t even like my brother but I put him anyway. I figured he was better than nothing.

Are you asking for purposes of if something happens to both you and your wife while you are still living, or in the event both of you die? A durable power of attorney addresses the first scenario, and given no children, and no family whom you trust, you could select a fiduciary financial advisor or estates attorney. For the second scenario most folks direct remaining assets to one or more charities, or to their heirs at law. If it’s a significant sum (above 1M) and you’re concerned about family getting $$ outright, leaving the assets in trust could be an option.

You’re dead, and so is your spouse, if this comes to fruition. This isn’t a trustee, executor, or conservatorship - this is someone who gets a pay out if you’re dead. You don’t need them to invest the money for your future benefit. Pick someone / something you’d want to be financially better off.

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