I know this is kind of morbid, but what steps have you taken in regards to estate planning?
If something happens to me, I'd like to name my minor son as beneficiary of both my life insurance policy as well as any TSP/IRA funds, with whoever ends up with custody of him being a trustee. This would likely be my husband, but could be my parents or my best friend if something happened to him as well. I'd also like to set it up so that part of the money goes to an educational and/or age-based trust for him and the rest be doled out, say, monthly to whoever has him, possibly with a small lump sum at the beginning to help set things up. I've watched said best friend blow through thousands of dollars of life insurance money on grief spending in the last year and a half and I'm afraid her kids aren't going to have anything left. TBH, my husband and my parents aren't the best with money either and I'd like to limit the damage they could do if given unfettered access to a large sum of money. I also want to avoid taxes and outrageous fees if at all possible while having the option to change things later, i.e. when my son becomes an adult.