Posted on Aug 30, 2018
National Catholic Society of Foresters
In an earlier blog, we discussed some of the things that you should consider when selecting the beneficiary for your life insurance policy. One of the points we made was not naming a minor as your beneficiary. However, if you have a young child who you would like to leave a legacy for, this doesn’t mean that you have no options. Instead, as we mentioned previously, you would need to either set up a trust or name a life insurance custodian. But what does that mean?