I'm BACK!

question:

got my new insurance papers for the new job.

has a slot for two beneficiaries and one contingency beneficiary (beneficiary in case any one of the two primaries are deceased at the time.

i have two grown bio kids and the BF
if i designate BF as bene, i'm sure some of that money will end up with ungrateful brat skids;

ideas anyone? (there are percentages that you can select)

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bellacita's picture

HI CRAYON!!!

we've missed you!!!!!!!!!!

i say if youre afraid of that and know talking to BF about it wont help, dont list him as contingent bene. if he cant respect your wishes, he doesnt get the moola!

"Given the right reasons and the right two people, marriage is a wonderful way of experiencing your life."
~the late great George Carlin

Hi Crayon, it is great to

Hi Crayon, it is great to have you back - we missed you!! I would leave everything to my bio kids and the rest of them be damned.....

Inside every cynical person, there is a disappointed idealist. - George Carlin

Harleygal's picture

This is what I did

My BD's get all of my death benefit provided through work as well as my 401K. They are also benficiaries of my checking, savings, etc.

DH and I are in the process of setting up separate life insurance policies on myself and DH for each other.

"OCD sucks"
Habit and routine have an unbelievable power to destroy.
--Henri de Lubac

Leave it to your kids. Who

Leave it to your kids.

Who does he have listed as his Bene??

He doesnt have life insurance

but he's supposed to carry a policy to go to BM for the sake of the skids in the DD

sparky's picture

33.3

33.3 % for each child and your husband.

sarahbernheart's picture

hi crayon

welcome back I know I sure missed ya!!
I have my kids set up to get it all

once I am married I would do like sparky said 33.3
"Better a diamond with a flaw than a pebble without one."

I say leave it all to your

I say leave it all to your kids. The bf can have the house that is close to his precious monsters.

Anne8102's picture

Leave it to your kids.

Make each of them the contingency for the other. I feel funny about you making a bigger commitment to him than he is to you. Forget skids, what has he done for YOU lately? I'd have a different answer if you were married and all this were reciprocal, but until then...

♥ ANNE 8102 ♥

Dreamer's picture

I just filled out my benefits package for job too!

Since your nat married I say leave it to your kids.

I did leave mine to my husband but we have an understanding that the money is for his only, not the skids. He's leaving everything to me too and I can chose if his kids get anything.

I put my Mom as the secondary

~Don't fear the thorns among the Roses, but be greatful for the Roses among the thorns~

HI crayon!

I agree, leave everything to the kids. Eye-wink

Noted

and done!

bellacita's picture

crayon

leave everything to the kids along w a note that says u want no contingent beneficiaries bc in the tragic event one of your children dies, youd rather see the money go to charity than to those non-appreciative grubby little monsters!

"Given the right reasons and the right two people, marriage is a wonderful way of experiencing your life."
~the late great George Carlin

Sita Tara's picture

I would leave it to your kids, but get an executor you trust

Who will pay off your debts, any funeral costs, then distribute the rest to your kids. That way you won't leave BF with debts that you both have together (if there are any) and his kids won't get the money.

I would get a very specific will too. If there is anything important in your home, that you want to pass on to your kids, list it.

"Om Tare Tutare Ture Mama Ayurpunye Jnana Putin Kuru Svaha"
~Sita Tara Mantra

Sita Tara's picture

Another thought-

If BKs are full grown with kids of their own you can leave it to the grandkids (don't remember if you are in that position or not.) I met a couple on vacation once, who struck up a conversation with me where that topic came up (kind of strange thing to talk about to a stranger- can't remember why it came up now.) But they said they're kids were always bickering about money, so they by-passed them to trust funds for the grandkids so no one could complain!

"Om Tare Tutare Ture Mama Ayurpunye Jnana Putin Kuru Svaha"
~Sita Tara Mantra

evilsm's picture

I like Zen's idea

about the executor.

~Evil

If you want children to keep their feet on the ground, put some responsibility on their shoulders. ~Abigail Van Buren

Thanks to all

My bio kids are grown but no grandkids (yet; hopefully not for awhile)
BF's skids are STB 12, 10 and 6. he has a bad tendency to just throw money at them and they are spoiled enough as it is!!

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