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  1. #11
    Join Date
    Jun 2015
    Posts
    988

    Default Re: How to Ensure that the Beneficiary of Life Insurance Uses the Money as Intended

    As far as I know a guardians income/assets is not a factor under FAFSA. If custody of small child reverts to father then the fathers income and assets plus that of his new spouse if any would be what counts under FAFSA. I don't see anything wrong to plan ones options ahead INSIDE The rules.

    If both parents are well off and aid is not an issue then that's OK too.

  2. #12
    Join Date
    Apr 2009
    Posts
    757

    Default Re: How to Ensure that the Beneficiary of Life Insurance Uses the Money as Intended

    Quote Quoting chyvan
    View Post
    Your cousin would have a fiduciary duty to your daughter, but the rub is that your daughter would have to sue your cousin to make her whole, and it sounds like your cousin is broke, and you can't squeeze blood out of a turnip, and suing costs money which your daughter won't have anymore.
    Why are you resurrecting a two-month old thread?

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