Posted by Rick Kr on December 20, 2012 at 18:13:17 from (198.105.227.109):
In Reply to: Another estate question posted by rockyridgefarm on December 20, 2012 at 17:15:54:
Andy, Wife and I both put together Living Trusts when we were 29 and 31. Even though you have debt I believe you should have a will or trust.
The succession is my sister will handle the money and the kids. Next would be wifes parents, then my parents.
Nothing wrong with your friend raising your kids, but will you always be friends, what if you have a falling out over something stupid, I say that because I have seen it amongst some of my friends.
Dont be afraid of your parents raising your kids, they raised you right? Little joke there. Seriously, I do see a lot of grandparents when I am up at school or coaching. They will do fine, maybe they are a little out of touch with current events but sometimes thats a good thing.
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