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Similar to the Susan in the question above, I have grandchildren from one of my 2 children I want to name as beneficiaries of an insurance policy and some other assets. I have a Living Trust now that designates my assets to go to an educational fund for all my grandchildren from both of my children. What I want to do is create another trust specifically for 2 of the children and take their mother (my daughter) off the ins policy since I fear they would never see a dime if she had access.
Do I just create another living trust in their names and put the name of that trust on the insurance policy? (My other trust, which also needs rewriting, is on the title to my house and other ins policies.)