Minor children as beneficiary?

Question

I am a widow with one daughter. She is my beneficiary. After I die, she gets everything. If she should die before her husband I would like my two grandchildren to inherit what is left of my estate, not my son in law. Is this possible??

Answer 1

I think you could set up a trust that would only be available to your daughter and her children, but you would need to get a lawyer to write up your will for sure.

Answer 2

Yes, you need to make a will stating this is your wish.

Answer 3

Contact a Financial Adviser. If the grandchildren are minors, a trust is the best way to administer the estate. You will need to appoint an executor/trustee.