what do I do, so that my kids will get the money i have in my savings account when they turn 18? I can't afford a lawyer. If I hand them the money now, I know they won't hold onto it til they are 18. I do NOT have any relatives I can trust. Does anyone know what I can do ? This is not a joke. It is a serious question, because I think I will be dead within 48 hours.
2006-07-28 11:20:05 · 13 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Create a will/living trust. There is a website that allows people to do this at home for themselves. What about someone else you trust? No friends? Good luck.
2006-07-28 11:23:16 · answer #1 · answered by Angie28 4 · 0⤊ 0⤋
All banks have resident financial advisers who are employed by the bank. You can ask him or her to put the money in a trust or some other holding vehicle (there are many such options available) so that they can not only have the money at age 18 but also have the advantage of benefiting from the interest it will accrue in the meantime.
Now, you asked for advice, and I don't want the above to sound cold and calculating. I am more concerned for you. Why do you feel your life will be over soon? Are you seeing a doctor? Emergency rooms HAVE to treat you even though you have no money. I hope you don't give up.
2006-07-28 11:28:21 · answer #2 · answered by freedomnow1950 5 · 0⤊ 0⤋
The main thing is.. WHY? Why do you think you will be dead ?Are you going to do it yourself??.....and second.. to do a trust fund, you need an executor to manage the accounts..and the executor gets a percentage of it... next, call your bank... put your money into a cd or something like that... they can tell you what is best .
Write a will.. now.
2006-07-28 11:29:09 · answer #3 · answered by sillililmunchkin 3 · 0⤊ 0⤋
Yikes, what a sad, scary situation. The only thing I can think of is to go to Legalzoom.com and set up a trust. There are legal fees involved but it is far cheaper than an attorney and can be done quickly.
2006-07-28 11:25:02 · answer #4 · answered by SLWrites 5 · 0⤊ 0⤋
that's a wild question. what you can do is go to your bank and put it all in a savings account that they cant touch until there 18. but it will be in there name. open one for each kid .
2006-07-28 11:25:11 · answer #5 · answered by christine 3 · 0⤊ 0⤋
dying is something that you are not suppose to make a decision about, so never talk like this,
keep in your mind that you (and just you) are the most support and valuable thing for your kids not your money, so keep your confidence and take care about your kids and yourself and never think about the life in like that
2006-07-28 16:30:35 · answer #6 · answered by Anonymous · 0⤊ 0⤋
put it in a savings fund in their name and it can only be opened when they are 18 and by you
2006-07-28 11:23:05 · answer #7 · answered by I Wonder 2 · 0⤊ 0⤋
write a will and sign it in front of a public notary .good luck hope you do not die your kids need you more than money God bless
2006-07-28 11:25:41 · answer #8 · answered by alexgandera 2 · 0⤊ 0⤋
Write a living will and have it notorized...call an attorney and see if that will work.
2006-07-28 11:23:43 · answer #9 · answered by Lipstick 6 · 0⤊ 0⤋
Put it in trust"
2006-07-28 11:25:29 · answer #10 · answered by Weeny 3 · 0⤊ 0⤋