[supafamous]

Originally Posted by EvoFire

Topic came up a few days ago.

Do any of you have wills just in case where the two of you pass away for whatever reason and only the little one is left.

Is stipulating custody rights to a friend/grandparents a thing?
Is assigning insurance payout to a trust fund something we should do?
Also dealing with our properties?

We are actually thinking the most about immediate custody rights because IF something happens (bad car accident while kid is with grandparents or at daycare) and we don't want our son to end up in a foster home or anything like that for any amount of time.

Not yet but it's a work in progress - I'm doing mine online through Willful (https://www.willful.co)

You should definitely ask someone to be a guardian for your kids if you both die and have it stipulated in a will. Same with money that goes into a trust etc.

I've been bad about this - my kid is 2.5y and my wife and I still haven't set up our wills. If you don't have a will it makes everything a real mess to sort out.