Life insurance

[olderthandirt]

I have a half million dollar policy right now, but with my kids still under 18, I have to make sure the money is distributed evenly if something should happen. I have a will leaving my sister as the executor of my 'estate' and I believe that would cover the life insurance, wouldn't it?

 

[Andersson]

That should cover everything, but she will be the one in charge of it. Does your paperwork note that you want an even split when it comes to who gets what?

 

[olderthandirt]

Yes, it does. The money from my 'estate' is to be used first to pay any outstanding bills, such as the mortgage, and my final expenses. The remainder is to be split evenly among the girls.