On Apr 12, 5:31 am, trapped in tulsa <visibleunderwa...@[EMAIL PROTECTED]
>
wrote:
> My finance is getting a a back-pay SSI settlement of nearly 70$
> within the next few months.
...
> I'm not sure if it's possible, but I would like to be able to put
> everything under one separate entity, so we can have her as the
> executor or such, and her two kids (15 and 14) as the beneficiaries.
> We may work in some type of for-college investments, and trying to
> turn over part of it into profit within three years.
> ...
Since you are not married, they money belongs to her. She can name
her children as beneficeries for whatever account she she puts it in.
She will have to pay taxes. Buying a house can provide a deductions.
Investing in index funds can be tax efficient.
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