<prompt> Human: Im trying to come up with a plan how to make sure that my family wife - in her thirties - and 2 young kids 1 an 3 years is financially okay in case something happens to me.My income is much higher than my wifes and I do most of the financial planning. Since she is very anxious about financial planning and not very experienced I want to leave her very clear and pretty foolproof instructions for how to manage after Im gone. I already have life insurance and I think the amount is reasonable, so my question isnt about that, but rather what kind of instructions to leave her regarding what to do with the money.I would really love some feedback about the plan I outline below:x200B;There will be around 4.8 million USD pooling life insurance, retirement savings and other savings. We dont have a house or any other relevant assets.My plan is to tell her to do the following:1 Pay down student loans about 80k and car loan 3k2 Buy a house for around 800k - we live in the a high COL city, so this is a very modest 3 BR house where we live. 3 Put 500k away for college for the kids. Put this into a Vanguard investment account, evenly split between: Vanguard Total International Stock Index Fund and Vanguard Total Stock Market Index Fund Admiral Shares. 4 Put 500k away as an emergency fund. We have family in Switzerland, therefore put it into an investment account with a Swiss bank, with the same allocation as 3.5 This leaves around 3 million to live off. Put this into a Fidelity account with the same allocation as 3. Everyyear pay yourself 4 of this as a Yearly income and use this for living expenses which amounts to around 10k per month. You need to pay taxes out of this, but this would only be capital gains taxes and should be 10.x200B;Does this make sense? Should she put money into an IRA? Is it crazy to have almost everything in stocks except the house? Anything else Im missing?  <response>: Its kind of weird to leave instructions like this for after your death. As long as you have enough assets and insurance to cover what you want to cover, you should leave the implementation details to the survivors.If you really believe your wife is totally incapable of managing her own finances, and totally incapable of finding someone to help her, consider setting up a testamentary trust, but with a living trustee who can make decisions based on reality. Dead people are terrible at reacting wisely to changing circumstances. 