I am married with a newborn. My wife does not know finance at all. I want to legally ensure that nobody, including family members, could prey upon her financially if I died. Also, I would like to inexpensively ensure that she would live comfortably forever on $1 million in life insurance proceeds. I might want for the insurance proceeds to be invested in a balanced Vanguard index fund portfolio and for her to spend 4% per year, adjusted for inflation. Spending a lot on planning for our very simple situtation is not my intent (we own zero real property). Thank you so much!
2007-02-01
09:13:37
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12 answers
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asked by
Aaron H
2