Personal Finance and Investing

elleng

(138,023 posts)

4. Yes, surely will set up for equal benefits,

Mon Dec 29, 2014, 11:59 PM

Dec 2014

as my Dad did; not knowing how many grands there would be, he wrote $10,000/per. Luckily there were adequate funds for the 4, from which my daughters have benefited (rather recently.)

'Transfers on Death' accounts are easily done, and beneficiaries easily named. Could probably figure it out, but would like to know if there are particular investment vehicles that might be better for them than my current managed funds are.

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A question: [View all] elleng Dec 2014 OP

This is quite a challenge, but I have some ideas. NYC_SKP Dec 2014 #1

Absolutely, SKP, elleng Dec 2014 #2

You might want to talk to an estate attorney about this. SheilaT Dec 2014 #3

Yes, surely will set up for equal benefits, elleng Dec 2014 #4

There may well be better funds. SheilaT Dec 2014 #5

Right. Right. elleng Dec 2014 #6

You should also check out your state's 529 plans lastlib Dec 2014 #7

529 plans mean within a certain state? elleng Dec 2014 #8

Here is a quick summary of 529 plans for you lastlib Dec 2014 #9

Thanks again, lib. elleng Dec 2014 #12

A 529 may be set up in any state to benefit SheilaT Dec 2014 #10

Thanks, SheilaT. elleng Dec 2014 #11