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    shockley67's Avatar
    shockley67 Posts: 1, Reputation: 1
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    #1

    Oct 19, 2010, 11:10 AM
    Financial guardian
    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.
    cdad's Avatar
    cdad Posts: 12,700, Reputation: 1438
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    #2

    Oct 19, 2010, 03:33 PM

    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?
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