<prompt> Human: So my wife and I just had our first child last month, and Im setting up a will online with LegalZoom. Essentially if I die everything goes to my wife. If we both die, we want everything to go into a testamentary trust for our son to be paid out as follows: 13 at age 18, half of the remaining balance at age 30, and the rest at age 35. My wife and I each have 500k life insurance policies, and I have a 600k accidental death dismemberment policy through work that will pay out 600k if I die and 300k if my spouse dies. So if both my wife and myself die, our month-old child will be left with 1.9 million.Heres my question: Do I need to do anything special with the contingent beneficiary on the insurance policies in order to have those funds go into the trust that my will will establish? Im thinking that maybe the will only covers my current cash and assets, and wont override the fact that my son is the contingent beneficiary on those insurance policies. Do I need to set up a trust now, and have that trust be the contingent bene?Thank you so much in advance for your advice...Assistant: First, congratulations on your new little boy.You are correct that your will covers cash and assets. Life insurance and ADD policies are not governed by your will, nor are retirement accounts. The beneficiary form on each individual policy is what governs where that money goes at your passing. In your case, it sounds like you would list your wife as primary beneficiary of your policies with the trust as secondary beneficiary. On your wifes policies, you would be primary and the trust would be secondary. Make the same provisions in your will.If this trust is the path you are choosing, set it up now. Itll be easier for your executor and your son and future children, if any.Other things to think about but not necessarily to answer here: who is the trustee of the trust? will it be the same as the executor of your estate? if you plan to have your wife be the executor of your estate, choose a secondary executor in the event she is deceased or incapacitated. did you choose a guardian for your son and put that in your will? will that person also be the trustee of the trust? every five years, or after any major event in your life birth, death, marriage, move, etc, revisit your will and the trust -- make sure it still reflects your wishes at that time. If you are still living when your son turns 18, revisit the idea of the trust and decide if its still something you have a need for.Human: Thanks! Sounds like i was on the right track, thats kind of what I thought. My plan is to have my sister and brother-in-law be my sons guardian, but my dad would be the trustee with my sister as successor trustee. Thanks again!  <response>: Do you have something in there for your sister and brother-in-law? Perhaps a dispersement of a 10k a year to help pay the cost of raising your son until he is 18?Not saying it would happen in yourtheir case, but knowing the kid has 1.9MM and they are paying to raise him could cause some resentment. It could especially be an issue if 10 years from now they have 4 kids of their own and then they have to add yours as a fifth without any extra income. 