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Hello All -

Here's the background:

Divorced. One 10 year old child from that marriage. Remaried. One 3 month old from this marriage. 39 Years Old.

I have:

401K
403B

Two Term life insurance policies. One through work ($50,000) and another ($120,000).

Looking for recommendations/direction on how to appropriately split the the proceeds upon death between my current wife and two children. Is there a good way to approach this? If I die before my first child turns 18, custody will go back to her mother and I don't want to have to worry about my current wife dividing up proceeds appropriately.

All replies are appreciated.

Thanks



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