I have a friend who is very ill. She is a single mom with 2 kids, one who is 18. She has an insurance policy and would like to make sure the proceeds go to her children but in trust for them until 21. Need advice on how to set up proceeds from insurance proceeds as outlined above.

She needs to set up a trust with an executor, then make the trust the beneficiary of her insurance policy. I would hire an estate attorney to do this for you.

Yes, you will need an attorney, we tried to set up trusts to 21 for our children before but in the state we lived in, they would not let us do it after 18.

But your state or nation could be different