My husband and I where divorced 2 years ago... and we have Joint Legal Custody of our daughter with me as her primary physical custodian. He passed away 2 weeks ago and left our daughter and I as beneficiary's of his life insurance policy. There saying I would have to be her financial guardian to take care of her part of policy or it would be put back until she is 18.. What do I need to do to take care of her money myself.

If they are offering interest to go along with the holding of the money you might want to consider that as an option. Otherwise you may have to create a trust with her name and have to keep an accounting of everything. It could get tedious and also should you fall into a financial spot it would keep it out of question if its not in your hands.

What are they offering you?